USDe Depegs: Stablecoin Stress Test?
Update: 2025-10-11
Description
Stablecoin Scare: Ethena's USDe briefly depegs to 65 cents amid a $19 billion crypto liquidation frenzy sparked by Trump's tariff announcement. Find out how this yield-bearing stablecoin, offering 5.5% returns, weathered the storm, the varying impacts across platforms like Binance and Aave, and the surprising upside for Ethena. Plus, the fate of ENA, Ethena's governance token, and Binance's potential compensation plans revealed.
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