USDe recovered quickly, and Ethena Labs confirmed that the mint and redeem functionality remained operational, with the stablecoin remaining overcollateralized.
Ethana’s yield-bearing stablecoin, USDe, briefly lost its 1:1 dollar peg during the recent sharp market sell-off triggered by U.S. President Donald Trump’s announcement of a 100% additional tariff on China.
On Binance, USDe dropped to 65 cents before… [1840 chars]
Source: CoinDesk | Published: 2025-10-11T18:18:10Z
Credit: CoinDesk
