USDe Outflows Follow October Depeg

[AIcash]

Ethena’s USDe contraction comes after an October depeg on Binance, where USDe briefly hit $0.65. Founder Guy Young clarified it was a Binance oracle issue, not a flaw in USDe’s collateral mechanism, with minting and redemption functioning smoothly across DeFi platforms.

[Abdul Khan]

The October depeg still haunts investor confidence in USDe.