According to CoinMeta, ethena announced that it will incorporate the tokenization of US stocks and Binance stock perpetual contracts into the USDE underlying trading support strategy. In this strategy, Binance’s BSTOCKS serves as the tokenized spot support asset, while ethena utilizes Binance stock perpetual contracts for delta neutral hedging. The open interest of Binance stock perpetual contracts exceeds $2.9 billion, and the average annualized return on stock underlying transactions over the past six months was 3.56%.