USDe Stablecoin Loses Dollar Peg on Binance, Recovers Quickly

Ethena's USDe stablecoin lost its dollar peg on Binance's spot market early Tuesday, plummeting about 8% to $0.9202 before quickly recovering.

The brief depeg brought back memories of a similar episode in October 2025 when the synthetic dollar also lost its peg on the same platform.

As of this report, USDe had largely recovered to $0.9996, limiting the damage but underscoring ongoing stability risks for crypto stablecoins and DeFi protocols.