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Ethena synthetic dollar USDe briefly depegged on the Binance platform, falling as low as 0.9202 USD before quickly recovering to 0.9997 USD.
USDe on Binance briefly depegged to 0.9202 dollars and has now repegged
PANews reported on September 22 that, according to Binance market data, Ethena's synthetic dollar USDe briefly depegged on Binance. The USDe/USDT trading pair fell to a low of 0.9202 dollars and has now repegged, currently quoted at 0.9997 dollars.
Source: https://www.panewslab.com/zh/articles/01a0c7cb-9a13-732c-9fb9-c6295809ab48
USDe on Binance briefly depegged to 0.9202 dollars and has now repegged
PANews reported on September 22 that, according to Binance market data, Ethena synthetic dollar USDe briefly depegged on the Binance platform. The USDe/USDT trading pair fell as low as 0.9202 USD and has since restored its peg, currently trading at 0.9997 USD.
🔗 https://www.panewslab.com/zh/articles/01a0c7cb-9a13-732c-9fb9-c6295809ab48
The following is analysis, separate from reported facts. Verify important claims independently.
Ethena’s synthetic dollar USDe briefly depegged on Binance, falling as low as USD 0.9202 before quickly recovering to USD 0.9997.
The incident was reported by professional media outlet PANews, citing official Binance market data, confirming that USDe briefly depegged on Binance before quickly recovering. The incident concerns the peg stability of the major stablecoin USDe. Although the peg has been restored, it reflects momentary pressure on market liquidity or arbitrage mechanisms and may have a short-term sentiment impact on the Ethena protocol and related assets.
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