Ethena’s USDe loses $8.3B since October crash amid ‘loss of confidence’

4 hours ago 1061

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Ethena’s synthetic stablecoin USDe has seen its market cap cut almost in half since the Oct. 10 crash, as investors retreat from leveraged and synthetic collateral models.

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3. Ethena’s USDe loses $8.3B since October crash amid ‘loss of confidence’