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Home»BITCOIN NEWS»USDE and FDUSD Experience Summary Depegs Amid Saturday’s Crypto Market Reorganization
BITCOIN NEWS

USDE and FDUSD Experience Summary Depegs Amid Saturday’s Crypto Market Reorganization

By Crypto FlexsApril 14, 20241 Min Read
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USDE and FDUSD Experience Summary Depegs Amid Saturday’s Crypto Market Reorganization
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Ethena’s USDE, the cryptocurrency economy’s fifth-largest stablecoin by market capitalization, temporarily decoupled from its peg on Saturday amid falling markets. The tokens, designed to reflect the value of the U.S. dollar, fell to $0.965 each, according to the data. Likewise, the market saw the fourth largest stablecoin, FDUSD, fall to a low of $0.9557 per coin. (…)

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