Ethena's USDe Stablecoin Recovers After Brief Peg Loss Amid Market Turmoil
Ethena's USDe stablecoin briefly lost its peg during a $19 billion liquidation event but quickly rebounded, trading at $0.3670 after a 156% surge from its lowest point. This recovery, driven by strong buying interest from large investors, reflects confidence in Ethena's stability measures and the operational integrity of its mint and redeem functions, crucial for maintaining investor trust in volatile markets.
Ethena's USDe Stablecoin Recovers After Brief Peg Loss Amid Market Turmoil
Ethena's USDe stablecoin briefly lost its peg during a $19 billion liquidation event but quickly rebounded, trading at $0.3670 after a 156% surge from its lowest point. This recovery, driven by strong buying interest from large investors, reflects confidence in Ethena's stability measures and the operational integrity of its mint and redeem functions, crucial for maintaining investor trust in volatile markets.
Why World Pulse Now
Global Coverage
All major sources, one page
Emotional Lens
Feel the mood behind headlines
Trending Stories
Know what’s trending, globally
Read Less, Know More
Get summaries. Save time
Multi-Language
Switch languages to read your way
Save for Later
Your stories, stored for later
Live Stats
Our system has analyzed 5,031 articles worldwide
~209 per hour
513 trending stories shaping headlines
From breaking news to viral moments
Monitoring 198 trusted sources
Major outlets & specialized publications
Latest update 42 minutes ago
Always fresh