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Ethena’s USDe briefly drops to $0.65 on Binance before recovery
What happened
The synthetic dollar token plunged as low as $0.65 on Binance while barely flinching on DeFi platforms, exposing a centralized exchange liquidity problem rather than a protocol failure Tue 22 Sep 2026 · 02:16 EDT · 2 min read In Finance Ethena’s USDe, one of the largest.
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