According to a breaking development, the stablecoin USDE on Binance has lost its price peg of one dollar and is trading around $0.80 at the time of writing.
USDE, a major stablecoin with a market capitalization of $14 billion, forms the cornerstone of the Ethena ecosystem.
Following the release of this news, USDE has partially recovered its value to close to $1 and is trading at $0.94.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/breaking-a-stablecoin-has-lost-its-peg-to-the-dollar/