According to ChainCatcher, Ethena founder Guy Young said that USDe processed more than $50 million in redemptions overnight, the largest redemption to date, without any problems. USDe collateral assets and reserves have always remained above 101% of USDe supply.
The next monthly proof of custody was originally planned to be released at the end of the month, but in order to provide greater transparency to the community, it will be released this week.