Ethena's USDe stablecoin is experiencing similar instability to what was seen with Terra's UST, raising concerns about potential risks.

ENA Price Resilience

Ethena's USDe depegging incident did not significantly impact the price of ENA.

USDe Depegging

A recent event involved USDe experiencing a depegging from its intended value.

Market Response

Despite this occurrence, the price of ENA demonstrated resilience and remained relatively stable.