Ethena's USDe loses peg as investors question confidence in synthetic dollars
Ethena's synthetic dollar fell off its peg Friday after crashing to $0.65 on Binance, wiping out investor confidence in what was marketed as a stablecoin with yield. The stablecoin, called USDe, is supposed to stick to the value of the U.S. dollar, but then came during a brutal selloff that hit every corner of the [...]