We're excited to announce @CoinbaseIntExch (INTX) via @CopperHQ ClearLoop as the latest hedging venue for the backing assets of USDe INTX, which recently exceeded >$1bn of open interest, provides a meaningful surface of liquidity to diversify the hedging of the backing assets of USDe with attractive funding rate profiles

INTX, via Copper ClearLoop, will settle mark to market with Copper every hour, 365 days a year. The frequent settlement cycle reduces potential counterparty risk even further, as every hour all unsettled balances are transferred between INTX & Copper, including unrealized PNL