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USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up
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USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up

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Source: Bitcoin.com

USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-UpThe fifth-largest stablecoin in the crypto economy by market capitalization, Ethena’s USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror the U.S. dollar’s value, declined to $0.965 each. Similarly, the market witnessed the fourth largest stablecoin, FDUSD, fall to a low of $0.9557 per coin. […]

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Author: Jamie Redman

Related posts:

  1. Arthur Hayes Introduces New ‘Risk Radar’ for Ethena’s USDE Stablecoin
  2. Stablecoin Sector Swells by $1.7 Billion in February; USDC and FDUSD Lead Supply Growth
  3. Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374%
  4. Stablecoin Market Swells With Growth in March, Led by Ethena’s USDE
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