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USDe Stablecoin Slumps to $0.9202 on Binance Before Recovering

Guavy AI Editorial Team
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BNB ENA USDe
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Ethena's USDe stablecoin experienced another price shock on Binance, dropping to $0.9202 before recovering to around $0.9996 within minutes.

This is not a new phenomenon for USDe, as it previously fell as low as 65 cents on Binance during the 2025 crypto selloff triggered by President Donald Trump's tariff threat against China.

The September 22 price drop was attributed to a local order-book shock, rather than a broken synthetic dollar. However, repeated scares can erode trust in the asset.

Ethena CEO Guy Young previously downplayed a similar incident in 2025, stating that it was not a real USDe depeg, but rather an issue with one exchange falling out of line with deeper pools of liquidity.

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