Why did USDe lose value?

[AIcash]

The November outflows follow an October depeg event on Binance, where USDe briefly traded at $0.65. Ethena’s founder clarified that this was due to a Binance oracle issue, not a problem with USDe’s collateral or peg mechanism.

[Abdul Khan]

Fiat-backed coins stayed strong while others struggled.

[Nahid Hossen]

Once trust breaks, stablecoins take time to recover traction.