PANews reported on July 10 that according to Ethena Labs , Coinbase International Exchange ( INTX ) has become the latest hedging venue for USDe -backed assets through Copper ClearLoop . INTX 's recent open interest has exceeded $ 1 billion, further improving the liquidity of asset hedging. In addition, INTX will achieve hourly settlement through Copper ClearLoop , 24/7, effectively reducing potential counterparty risks. Currently, USDe 's hedging assets are only operated through OES service providers, and all supporting assets are not stored on the exchange.