Ethena Defends USDe Amid $1B Market Meltdown

[lingriiddd]

Ethena Labs insists its synthetic dollar, USDe, performed flawlessly during the recent $1 billion Binance-triggered market meltdown. Founder Guy Young confirmed that minting, redemption, and collateral functions processed $2 billion in 24 hours with zero downtime, blaming the chaos on Binance’s internal pricing feeds rather than the protocol itself.

[Swipe]

Impressive stability under stress but blaming Binance feels a bit too convenient — true resilience will show if it holds up through the next liquidity crunch

[The_Walking_Dead]

Exactly surviving one shock is good PR, but lasting through multiple market stress events will prove if USDe is truly battle-tested

[Couturier]

Well said one stable performance doesn’t define trust consistency through chaos is what separates hype from true stability.