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
$106,715.50+0.09%
Ethereum24h
$3,866.50+1.74%
BNB24h
$1,088.12+1.46%
XRP24h
$2.35+2.27%
Solana24h
$184.12+0.53%
TRON24h
$0.3137+1.42%
Dogecoin24h
$0.1872+1.51%
Cardano24h
$0.6292+0.41%
Hyperliquid24h
$35.11+0.20%
Chainlink24h
$16.71+1.22%
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.
-
Garlinghouse says Ripple doesn’t control XRP — history suggests otherwise—by Protos Staff
-
Microsoft could stall Bitcoin development via GitHub—by Protos Staff
-
Binance listing fee drama goes nuclear—by Protos Staff
-
$25 million Ethereum MEV exploit puts ‘Code Is Law’ on trial—by Protos Staff
-
Wintermute’s post-mortem ignored the biggest issues with Friday’s crash—by Protos Staff
-
Hyperliquid vs Binance drama unfolds in real-time—by Protos Staff
-
$600B gone in 30 minutes — inside crypto’s fastest-ever flash crash—by Protos Staff
-
How Binance’s USDe ‘depeg’ cost the exchange millions—by Protos Staff
-
Binance Wallet glitch shows $0 balances after weekend chaos—by Protos Staff
