Ethena Labs ensures financial stability despite exposure to Bybit; reserves mitigate risk.

From Cointelegraph
February 21, 2025 2:44:17 pm:

Ethena Labs revealed that the USDe stablecoin has exposure to Bybit through derivatives, but this risk is mitigated by its reserve fund.

Read more at Cointelegraph: Ethena assures users of solvency after Bybit hack