Using bStocks as collateral exposes USDe to excessive counterparty risk

From the articleEthena Starts Backing USDe With Tokenized Stocks on Binance, Its First Equity Basis Venue - UnchainedAlso in Ethena takes USDe basis trade into tokenized US equities, Ethena (ENA) Surges 12% Following Binance Equity Integration Announcement - Blockonomi