CryptoMedium•27 October 2026•
1 min read
Ethena Proposal Seeks $1 Billion SAFO Backing to Bolster USDe Stability
Key Facts
1An Ethena Risk Committee member proposed allocating up to $1 billion to the SAFO fund to back the USDe stablecoin.
2The proposal includes a $500 million cap through Dec. 31, 2026, increasing to $1 billion in 2027.
An Ethena Risk Committee member proposed allocating up to $1 billion to the SAFO fund to back the USDe stablecoin. Tokenpost reported that the proposal includes a $500 million cap through December 31, 2026, which is scheduled to increase to $1 billion in 2027.
The initiative aims to enhance the stability and risk management of USDe by utilizing BNP Paribas credit-spread triggers to govern exposure levels. In equity markets, BNPQY closed at $47.64 on October 26, 2026, having traded between a day low of $47.54 and a high of $48.08 during that session.