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
$62,727.92-2.16%
Ethereum24h
$1,823.42-3.55%
BNB24h
$564.03-2.14%
XRP24h
$1.08-2.03%
Solana24h
$74.44-2.22%
TRON24h
$0.3223-0.37%
Hyperliquid24h
$59.46-9.82%
Dogecoin24h
$0.0714-2.13%
UNUS SED LEO24h
$9.81+0.04%
Zcash24h
$530.86-4.89%
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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