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Ethena will incorporate tokenized US stocks and Binance perpetual contracts into the USDe underlying trading support strategy, with Binance bStocks serving as tokenized spot support assets, and Ethena conducting Delta neutral hedging through Binance perpetual contracts. The open interest of Binance's perpetual stock contracts exceeds 2.9 billion US dollars, and the average annualized return on underlying stock trading over the past six months is 3.56%. (Source: The Block)