USDe market cap drops from 14.7 billions USD to around 6.4 billions USD after crash due to trust crisis
Show original
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
A welcome pack worth 6200 USDT for new users! Sign up now!
According to ChainCatcher, a 10x Research report states that since the market crash, the market capitalization of Ethena's synthetic stablecoin USDe has evaporated by approximately $8.3 billion, dropping from $14.7 billion to about $6.4 billion, nearly halving. This sharp decline reflects a dramatic loss of investor confidence in leveraged and synthetic collateral models.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now！
You may also like
BUZZ - FDA raises no major concerns about cancer detection, Grail shares surge
路透社•2026/09/21 15:56
Cracker Barrel Q4 Trends, Fiscal 2027 Outlook Point to Recovery, UBS Says
MT newswire•2026/09/21 15:51
Crypto prices
More
Bitcoin
BTC
$85,717.91
+5.97%
Ethereum
ETH
$2,746.97
+5.36%
Tether USDt
USDT
$0.9998
-0.00%
BNB
BNB
$804.32
+6.30%
XRP
XRP
$1.5
+7.64%
USDC
USDC
$0.9998
-0.02%
Solana
SOL
$117.69
+8.38%
TRON
TRX
$0.3452
+0.21%
Zcash
ZEC
$1,497.87
+3.97%
Hyperliquid
HYPE
$92.9
+0.93%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now