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Explanations of USDe ‘depeg’ on Binance focus on coordinated attack, oracles

October 12, 2025 by DIGIT
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Explanations of USDe 'depeg' on Binance focus on coordinated attack, oracles

Ethena founder Guy Young said the USDe depegging event on Binance that sent the token to $0.65 was an isolated issue not tied to fundamentals.

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  • bitcoinBitcoin(BTC)$89,425.00-3.21%
  • ethereumEthereum(ETH)$3,030.84-3.25%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.03-3.27%
  • binancecoinBNB(BNB)$882.17-2.02%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$132.89-5.00%
  • tronTRON(TRX)$0.2858410.12%
  • staked-etherLido Staked Ether(STETH)$3,031.28-3.42%
  • dogecoinDogecoin(DOGE)$0.138784-6.16%
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  • bitcoinBitcoin(BTC)$89,425.00-3.21%
  • ethereumEthereum(ETH)$3,030.84-3.25%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.03-3.27%
  • binancecoinBNB(BNB)$882.17-2.02%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$132.89-5.00%
  • tronTRON(TRX)$0.2858410.12%
  • staked-etherLido Staked Ether(STETH)$3,031.28-3.42%
  • dogecoinDogecoin(DOGE)$0.138784-6.16%