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CoinOtag 2025-12-23 14:18:34

Ethena’s USDe Market Cap Halves After October Crypto Crash Amid Deleveraging

Ethena's synthetic stablecoin USDe has experienced a market cap decline of nearly 50% since the October 10 crash, dropping from $14.7 billion to about $6.4 billion due to investor caution toward leveraged and synthetic collateral models amid widespread deleveraging in the crypto market. October 10 crash triggered $8.3 billion in USDe outflows, marking a shift [...]

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