Ethena Becomes FalconX Institutional Lending Partner

August 13th, USDe issuer Ethena announced that it has partnered with the digital asset prime broker FalconX to become its institutional lending partner. Ethena will invest in FalconX's Global Stablecoin Lending Facility in an overcollateralized manner as part of its institutional lending allocation. FalconX is able to expand its balance sheet, while Ethena benefits from FalconX's expertise in loan origination and collateralized lending, resulting in more favorable risk-adjusted terms than other channels.