BREAKING: A Stablecoin Has Lost Its Peg to the Dollar

According to a breaking development, the stablecoin USDE on Binance has lost its price peg of one dollar and is trading around $0.80 at the time of writing.

USDE, a major stablecoin with a market capitalization of $14 billion, forms the cornerstone of the Ethena ecosystem.

Following the release of this news, USDE has partially recovered its value to close to $1 and is trading at $0.94.

*This is not investment advice.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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