# Kabu Adds Ethena’s ENA Token as Collateral for USD Coin Loans By John Kim Canonical URL: https://www.tokenpost.com/news/business/48220 Published: 2026-11-04T04:24:24.000Z Updated: 2026-11-04T04:24:24.000Z Section: Business > The option is available immediately. ENA also carries governance rights in the Ethena protocol. Kabu added Ethena’s ENA token as collateral for USD Coin (USDC) borrowing, giving holders a new lending option through the platform that broadens the token’s use beyond protocol governance. The collateral option is available immediately. Borrowers pledge ENA to obtain USDC, while the token also carries governance rights in the Ethena protocol. Kabu previously opened USDC borrowing against Uniswap’s UNI token in its [lending markets](). The ENA addition expands the tokens borrowers can pledge on the platform. ## Links in this article - [lending markets](https://www.tokenpost.com/news/business/46903)