Ethena's USDe briefly depegs to $0.92 on Binance before recovering near $1

Ethena's synthetic dollar USDe briefly depegged to about $0.92 on Binance's USDE/USDT spot pair on 22 September, then recovered to roughly $0.9996. The dislocation came shortly before Binance's scheduled infrastructure wallet upgrade; no evidence links the maintenance to the move.

Detected & updated continuously · Source: Nebula