# Ethena Says USDe Is Overcollateralized by More Than $60 Million

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/44259
Published: 2026-10-30T04:39:16.000Z
Updated: 2026-10-30T04:39:16.000Z
Section: Business

> Ethena said the updated attestation put USDe’s collateralization ratio above 101% and that no backing funds were held directly at Binance or another centralized trading platform.

Ethena said an updated reserve attestation put USDe’s excess collateral above $60 million on Oct. 30 and its collateralization ratio above 101%.

Ethena also said none of the funds backing USDe was held directly at Binance or any centralized trading platform.

Ethena said independent third parties generally provide reserve attestations weekly, naming Chainlink and Llama Risk among them. It said the latest update followed events in the preceding hours.