coindesk
No, Ethena's USDe Didn't De-peg
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TL;DR
Ethena's synthetic dollar USDe briefly dropped to 65 cents on Binance due to technical issues, but the peg remained strong on decentralized platforms. Binance's lack of direct dealer relationships and illiquid oracle caused the price dislocation.
Summary
Ethena's synthetic dollar USDe briefly dropped to 65 cents on Binance due to technical issues, but the peg remained strong on decentralized platforms. Binance's lack of direct dealer relationships and illiquid oracle caused the price dislocation.
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