
Ethena's USDe token briefly dropped to $0.65 on Binance due to liquidity issues, then recovered to its $1 peg.
Ethena's synthetic dollar token USDe experienced a sharp price drop to $0.65 on Binance during a market sell-off, while prices on decentralized exchanges like Curve and Uniswap remained stable near $1. The crash was caused by Binance's thin orderbook...





