No, ethhenas usde de-peg during Friday’s crash
During Friday’s turbulent market sales, Ethena’s synthetic dollar, USDE, which maintains its 1: 1-stick to USD through cash-and-transport arbitrage, fell briefly and hit 65 cents on Binance. However, this dramatic dislocation was limited to binance as opposed to the global de-pegging of USDE, as Social Media Chattering suggests. Most trading in USDE occurs on decentralized […]
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