Market Capitalization:3 873 791 455 968,1 USD
Vol. in 24 hours:249 604 249 926,25 USD
Dominance:BTC 58,76%
ETH:12,83%
Market Capitalization:3 873 791 455 968,1 USD
Vol. in 24 hours:249 604 249 926,25 USD
Dominance:BTC 58,76%
ETH:12,83%
Market Capitalization:3 873 791 455 968,1 USD
Vol. in 24 hours:249 604 249 926,25 USD
Dominance:BTC 58,76%
ETH:12,83%
Market Capitalization:3 873 791 455 968,1 USD
Vol. in 24 hours:249 604 249 926,25 USD
Dominance:BTC 58,76%
ETH:12,83%
Market Capitalization:3 873 791 455 968,1 USD
Vol. in 24 hours:249 604 249 926,25 USD
Dominance:BTC 58,76%
ETH:12,83%
Market Capitalization:3 873 791 455 968,1 USD
Vol. in 24 hours:249 604 249 926,25 USD
Dominance:BTC 58,76%
ETH:12,83%
Market Capitalization:3 873 791 455 968,1 USD
Vol. in 24 hours:249 604 249 926,25 USD
Dominance:BTC 58,76%
ETH:12,83%
Market Capitalization:3 873 791 455 968,1 USD
Vol. in 24 hours:249 604 249 926,25 USD
Dominance:BTC 58,76%
ETH:12,83%
Market Capitalization:3 873 791 455 968,1 USD
Vol. in 24 hours:249 604 249 926,25 USD
Dominance:BTC 58,76%
ETH:12,83%
Market Capitalization:3 873 791 455 968,1 USD
Vol. in 24 hours:249 604 249 926,25 USD
Dominance:BTC 58,76%
ETH:12,83%
Yes
>>A cryptocurrency designed to maintain a dollar value has deviated from its target.

A cryptocurrency designed to maintain a dollar value has deviated from its target.

crypthub
A cryptocurrency designed to maintain a dollar value has deviated from its target.

USDE Stablecoin Price Fluctuations

The stablecoin USDE on Binance experienced a significant price deviation, initially dropping from its dollar peg to trade around $0.80. USDE, a crucial component of the Ethena ecosystem and possessing a substantial $14 billion market capitalization, faced this disruption. Following this news, USDE has shown signs of recovery, currently trading at approximately $0.94.

Market Impact and Recovery

The price movement of USDE has garnered attention within the cryptocurrency market due to its size and importance. While the stablecoin has partially regained its value, the initial dip underscores the inherent risks associated with digital assets. This information is not considered investment advice.