USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up

USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up



The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena’s USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror the U.S. dollar’s value, declined to $0.965 each. Similarly, the market witnessed the fourth largest stablecoin, FDUSD, fall to a low of $0.9557 per coin. […]



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest