Ethena Allocates $310M to AAA-Rated CLO Funds on Friday to Diversify USDe Yield Sources

ENA-6.33%
USDE-0.02%
According to Ethena, on Friday the protocol announced a $310 million allocation to Janus Henderson Anemoy AAA CLO Fund to expand real-world asset backing for its yield-paying stablecoin USDe. CLOs (Collateralized Loan Obligations) carry AAA credit ratings with zero default history at that level. The move aims to decouple USDe yield returns from crypto market cycles; AAA CLO returns are driven by interest rate policy and credit spreads, not crypto positioning, the team stated.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments