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No, Ethena's USDe Didn't De-peg
coindesk.com/markets/2025/10/13/no-ethena-s-usde-didn-t-de-peg
During Friday’s turbulent market sell-off, Ethena’s synthetic dollar, USDe, which maintains its 1:1 peg to the USD through cash-and-carry arbitrage, briefly dropped, hitting 65 cents on Binance.
However, this dramatic dislocation was confined to Binance as opposed to the global…
This story appeared on coindesk.com, 2025-10-13 08:16:34.