🔔Crypto News Flash🔔: Ethena Labs, the issuer of the $2.67 billion USDe stablecoin, has pledged to publish monthly reports detailing custody and reserve information to boost transparency. The defi startup holds $1.31 billion and $1.33 billion of its stablecoin reserves with Swiss firms Copper Markets AG and CH Europe Digital Solution respectively. The remainder is managed by Cobo Global HK Limited. Ethena's recent attestation showed a 101.74% backing rate, indicating over-collateralization. Despite concerns of systemic failure, USDe's market cap is nearly $3 billion. 💰📈 Thoughts? Comment below!