$8.3 Billion Flows Out of Ethena’s USDe Amid Crypto Market Stress
Ethena’s USDe loses $8.3B in market cap since the October crash, as investors pull back from synthetic and leveraged assets. Ethena’s synthetic stablecoin, USDe, has experienced a major loss of confidence following the crypto market crash on October 10. Since the event, USDe has seen an $8.3 billion drop in market cap as investors pull...
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