HIFI Raises $37 Million in Series A Round to Develop Tokenized Market Infrastructure - Incrypted — 2026-09-25

Impact Vector: Crypto Infrastructure · Sep 25, 2026 · 3m

## Short Segments Ethena expands its USDe backing strategy by incorporating Binance bStocks and equity perpetuals. This move marks a significant shift as Ethena begins using tokenized U.S. stocks as collateral, with Binance as the first venue for this strategy. The integration allows Ethena to hedge its positions by shorting Binance’s USDT-denominated equity perpetuals, enhancing its basis-trading strategy beyond crypto assets. This development is crucial for Ethena as it diversifies its collateral base, potentially increasing the stability and attractiveness of its synthetic dollar, USDe. By…