According to PANews, a recent report by Ethena Labs reveals that as of June 30, 2024, the supply of USDe stands at $3.605 billion. Of this total, $2.072 billion is held in custody by Copper, while $1.501 billion is held by Ceffu, which includes $17.09 million in unrealized profits. Additionally, $5.11 million is held by Cobo, and $15.34 million is in the process of being minted or redeemed. The reserve fund amounts to $45.32 million.
All custodians have confirmed that these assets are held in off-chain institutional-level custody solutions, supporting a total of $3.61 billion in USDe assets. The reserve fund represents 101.41% of the total USDe supply. This indicates a robust and secure financial backing for the digital currency, ensuring its stability and reliability for users and investors alike.