PANews reported on January 30 that according to the official announcement of Ethena, as of 18:00 Beijing time on January 22, the total supply of USDe reached 5.739 billion US dollars. Among them, Copper custody of 2.573 billion US dollars, Ceffu custody of 3.045 billion US dollars, and Cobo custody of 5.08 million US dollars. In addition, Coinbase Web3 wallet holds 100 million US dollars, Ethena minting/redemption contract has 30 million US dollars available for redemption, and the reserve fund holds 60.41 million US dollars.

This custody proof shows that USDe’s backing assets total 101.30% of the supply, ensuring that its assets are overcollateralized.