Ethena USDe | Crypto

Ethena’s synthetic dollar, USDe, shed over $2 billion in market capitalization after briefly losing its dollar peg on Binance. The flash event exposed structural risks in crypto’s stablecoin plumbing. According to CryptoSlate data, USDe’s market value dropped from $14.8 billion on Oct. 10 to $12.6 billion by Oct. 12. The decline coincided with a Binance […] The post $2B Ethena USDe depeg exposes cracks in crypto’s ‘synthetic dollar’ system appeared first on CryptoSlate.