How Binance’s USDe ‘depeg’ cost the exchange millions
During the chaos, Ethena’s “synthetic dollar” USDe briefly traded at just $0.65 on Binance. The exchange has reimbursed victims with $283M.
Bitcoin24h
$71,436.88+1.13%
Ethereum24h
$2,105.08+1.29%
BNB24h
$658.06+0.78%
XRP24h
$1.41+1.34%
Solana24h
$88.26+1.12%
TRON24h
$0.2963+0.76%
Dogecoin24h
$0.0957+1.11%
Hyperliquid24h
$37.65+1.39%
Cardano24h
$0.2638+0.51%
Bitcoin Cash24h
$463.97+1.28%
MakerDAO could back a billion Dai with Ethena’s ‘synthetic dollar’ USDe
MakerDAO says the vault would start with a cap of 600 million Dai, which could be adjusted up to 1 billion according to demand and risk.
Ethena offers 27% on stablecoins but where is the yield coming from?
Newly-launched ‘synthetic dollar’ Ethena says it’s banking on using CEX liquidity rather than the less popular decentralized exchanges.
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