Market Capitalization:3 691 296 570 227,8 USD
Vol. in 24 hours:386 361 681 416,06 USD
Dominance:BTC 59,98%
ETH:12,22%
Market Capitalization:3 691 296 570 227,8 USD
Vol. in 24 hours:386 361 681 416,06 USD
Dominance:BTC 59,98%
ETH:12,22%
Market Capitalization:3 691 296 570 227,8 USD
Vol. in 24 hours:386 361 681 416,06 USD
Dominance:BTC 59,98%
ETH:12,22%
Market Capitalization:3 691 296 570 227,8 USD
Vol. in 24 hours:386 361 681 416,06 USD
Dominance:BTC 59,98%
ETH:12,22%
Market Capitalization:3 691 296 570 227,8 USD
Vol. in 24 hours:386 361 681 416,06 USD
Dominance:BTC 59,98%
ETH:12,22%
Market Capitalization:3 691 296 570 227,8 USD
Vol. in 24 hours:386 361 681 416,06 USD
Dominance:BTC 59,98%
ETH:12,22%
Market Capitalization:3 691 296 570 227,8 USD
Vol. in 24 hours:386 361 681 416,06 USD
Dominance:BTC 59,98%
ETH:12,22%
Market Capitalization:3 691 296 570 227,8 USD
Vol. in 24 hours:386 361 681 416,06 USD
Dominance:BTC 59,98%
ETH:12,22%
Market Capitalization:3 691 296 570 227,8 USD
Vol. in 24 hours:386 361 681 416,06 USD
Dominance:BTC 59,98%
ETH:12,22%
Market Capitalization:3 691 296 570 227,8 USD
Vol. in 24 hours:386 361 681 416,06 USD
Dominance:BTC 59,98%
ETH:12,22%
Yes
>>Major stablecoin responds to de-pegging during market downturn.

Major stablecoin responds to de-pegging during market downturn.

crypthub
Major stablecoin responds to de-pegging during market downturn.

USDE Depegging and Market Impact

The USDE token within Ethena’s ecosystem lost its $1 peg following recent cryptocurrency market volatility. This incident coincided with Donald Trump's announcement of potential 100% tariffs on China, contributing to sudden market fluctuations and widespread liquidations. Ethena acknowledged USDE's secondary market volatility but confirmed the protocol's minting, redemption functions, and overcollateralization remain operational.

Ethena's Response and Future Outlook

Ethena explained that futures contracts trading below spot prices caused unexpected impacts on USDE realized profits. The protocol anticipates benefiting from realizing these positions, reportedly leaving USDE more collateralized than the previous day. Further updates will be shared as events develop.