OKX CEO Star commended Ethena Labs for strong portfolio management and clarified that USDe, listed on OKX, is a tokenized hedge fund requiring robust risk controls rather than being a stablecoin.
OKX CEO Star praised Ethena Labs' risk management and confirmed the listing of ENA token. He clarified that USDe, a tokenized hedge fund using low-risk strategies like delta-neutral trades, should not be considered a stablecoin, urging exchanges to implement strong risk controls if using it as collateral. Star also indicated OKX's potential future support for USDe.