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.
The Entire Business World on a Single Page. Free to Use →