Ethena's USDe Briefly Depegs on Binance, Raising Stablecoin Risk
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9 Articles
USDe briefly fell to USD $0.9202 against USDT in Binance and regained almost its full parity in minutes. Traders attributed the move to a possible large sales order over a shallow order book, although the episode reawakened memories of the collapse recorded in October 2025.
USDe briefly falls to $0.92 on Binance before snapping back to peg
Ethena’s USDe stablecoin endured a brief 8% drop to $0.9202 against Tether’s USDT on Binance’s spot market early on Tuesday, an episode that quickly brought back memories of the October 2025 episode when the synthetic dollar lost its dollar peg on the same platform. As of this report, USDe had recovered to $0.9996, limiting the...
Ethena's USDe Stablecoin Briefly Crashed 8% on Binance Before Snapping Back
Ethena's USDe stablecoin briefly crashed to $0.9202 on Binance on September 22, 2026, an 8% gap that snapped back to near $1 within minutes. The scare revived depeg fears less than a year after USDe fell to $0.65 during an October 2025 liquidation cascade, and lands as the $4.9 billion token gets used for retail banking and institutional collateral through BlackRock's Aladdin and a $1 billion FalconX facility.
A token that should always be worth a dollar has come to exchange to 0,65 dollars on one of the largest exchanges in the world. The collapse USD price on Binance took place between 10 and 11 October 2025, during a sell-off that overwhelmed the entire crypto market, but the dynamics behind that number tells a [...]
According to ChainCatcher, data from the Binance platform shows that the USDE/USDT trading pair briefly de-pegged at 13:01 today, falling to a low of $0.9202 at 13:03, before recovering its basic peg to $0.9987 at 13:07. Currently, USDE's market capitalization is $4.912 billion, ranking 18th in the cryptocurrency market capitalization rankings. Previously, BlackRock and Ethena Labs announced a deepened partnership, with BlackRock's institutional…
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