USDe briefly unpegged to $0.92, risk transmission theoretically will not repeat
Binance's USDe briefly unpegged to $0.92 today. Analyst Chen Mo pointed out that the last 1011 incident was also due to issues with USDe, but there were no anomalies in on-chain prices. USDe has a thin order book on centralized exchanges and is used as collateral for opening positions, and the risk transmission from 1011 started from here. Subsequently, Binance incorporated the actual redemption price of USDe into the price index, rather than relying solely on order book quotes, which theoretically will prevent a repeat of the 1011 incident.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Stablecoin Deposits in DeFi Grow to $24 Billion

Greenlane Exceeds 11.4 Billion Won in DeFi Management and Cash Assets

Standard Chartered Bank Initiates Coverage of ENA, Expected to Reach $2 by End of 2028

Ethena Integrates Tokenized Assets in US Stock Market and Binance Perpetual Contract Hedging Strategy for USDe

StablecoinX ENA lock-up ends permanently on Oct. 5

Midterm Election Predictions: Why Use Four Contracts to Measure Senate Control?

DTCC Tokenization Service Launches With 34 Securities: Why 20 Wall Street Firms Matter

Does Ethereum's $2,300 support risk giving way with the withdrawal of U.S. investors?

AI: A study shows how Claude influences expert choices

Bitcoin ETF Flows: How to Identify BTC Support & Resistance

The War Over Tokenizing Stocks in 'The Wall Street Journal': Details Revealed

BlackRock and SBI Sign Memorandum to Explore Collaboration on Yen Stablecoin and Tokenized Funds

After the GENIUS Act, is the US MSB enough for USD stablecoin payments?

Fed Pauses Rate Hikes but Divisions Widen, AI Investment and Energy Inflation Test Policy Space

Robinhood Doubles Down on On-Chain Ecosystem, But Misalignment Exists Between Official Priorities and Market Expectations?

London Metal Exchange explores metal tokenization in Hong Kong

Downside Limited, Upside Capped: BlackRock Aims to Attract 'Old Money' with PBIT

After the October FOMC Meeting: What Could Drive Bitcoin and Stocks Next?

The Key Gamble on the Road to Trillions: Why Did Marvell Decide to Acquire Lumentum?

Market Fluctuations: Why He Insists on Being 'Present'? 5 Key Judgments for AI Investment

Ethereum clients patch flaw that could redirect ETH rewards

Frustrated Democratic Party Unable to Reach Conclusion on Coin Tax Delay, What About the Basic Law?

Bithumb Reports Internal System Breach, Customer Personal Data Leak Under Investigation

Senator Steve Daines backs Chainlink ahead of Link event

Stellar launches cross-chain messaging with ethereum through VIA Labs

Chinese payments giant Alipay denies supporting crypto trading via Peer

New Federal Reserve Correspondent: Waller Suggests 'High Rates Suppress AI Boom', Rate Hike Path Faces Dual Dilemma

Moody's Assigns A2 Rating to Ripple's $2.6 Billion Stablecoin 'RLUSD'

BitGo Plans In-Platform Access to WisdomTree Tokenized Treasury Fund





