Chainlink joins USDe Proof of Reserves as attestor

Ethena Labs has teamed up with Chainlink, Harris & Trotter, Chaos Labs and Llamarisk, to launch proof of reservations for its stablecoin in synthetic dollars.

Chaainlink (LINK) and the other companies have joined Ethena (This one) The initiative of laboratories as proof of the Stablecoin reservations. Collaboration will help improve the transparency of the Ethena USD token.

“Compared to our monthly caretaker reports, proof of reservations offers more frequency, independent surveillance and a secure design, extensible and without confidence,” said Athena Labs in a announcement.

POR will allow access to everyone, with those available via the “transparency” page of the protocol. Proof of the USDE reserves will also be visible on partners’ websites, added the Ethena Labs team.

By publicly posting the verified reserve data, Ethena will provide an independent confirmation of TO USECirculating food compared to its reserve assets. Inasmuch as stableThe USDE must be fully supported by equivalent assets outside the chain.

ChainLink will help fuel the weekly statement of Statehena Labs, the infrastructure of the oracle network allowing the synthetic dollar protocol to obtain information directly from the guards, the blockchain and the exchanges.

Eden released An assessment of assets supporting the USDE held at Gustodial Solutions at the beginning of the month, the certificates showing that on March 29, 2025, the USDE offer was 5.247 billion. $ 3.211 billion was held in Ethena Coinbase Coinbase portfolios, $ 0.914 billion checked as copper owned and $ 0.959 billion in the CEFFU solution.

The unpaid profits for Ethena compared to the assets amounted to $ 123 million at the time.

Ethenena draw on Chainlink technology aligns with others integrations such as the 21hares active manager uses the Port of the Platform for Sound Ethereum (Ethn) Condemned funds on the stock market. 21.co, the parent company of 21Shares also adopted The proofs of the reserves of the chain of proof of reserves for bitcoin wrapped in the Solana and Ethereum blockchains.