PANews reported on July 4 that according to the latest report from Ethena Labs, as of June 30, 2024, the supply of USDe is $3.605 billion, of which $2.072 billion is held in Copper, $1.501 billion is held in Ceffu (including $17.09 million in unrealized profits), $5.11 million is held in Cobo, $15.34 million is in minting/redemption contracts, and the reserve fund is $45.32 million. All custodians confirm that these assets are in off-chain institutional-level custody solutions, with a total of $3.610 billion in assets supporting USDe, and the reserve fund accounts for 101.41% of the total USDe.
