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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)$89,528.00-3.03%
  • ethereumEthereum(ETH)$3,043.49-3.57%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.04-4.23%
  • binancecoinBNB(BNB)$884.43-2.17%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$132.26-6.80%
  • tronTRON(TRX)$0.2854400.77%
  • staked-etherLido Staked Ether(STETH)$3,034.78-3.87%
  • dogecoinDogecoin(DOGE)$0.138716-6.99%
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  • bitcoinBitcoin(BTC)$89,528.00-3.03%
  • ethereumEthereum(ETH)$3,043.49-3.57%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.04-4.23%
  • binancecoinBNB(BNB)$884.43-2.17%
  • usd-coinUSDC(USDC)$1.000.00%
  • solanaSolana(SOL)$132.26-6.80%
  • tronTRON(TRX)$0.2854400.77%
  • staked-etherLido Staked Ether(STETH)$3,034.78-3.87%
  • dogecoinDogecoin(DOGE)$0.138716-6.99%