The USDE stablecoin, issued by the Ethena protocol, has significantly deviated from its 1:1 dollar peg. Over the past 24 hours, USDE's price fell to a low of $0.6567 and is currently trading at $0.7615, marking a 23.85% decline. This substantial drop raises concerns about the stability of the USDE in maintaining its intended value against the US dollar.
USDE Stablecoin Deviates from Dollar Peg, Drops 23.85%
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