Prix de Ethena USDeUSDe

Black Friday Hit the Crypto Market — $19.1B Gone in Hours! In just 30 minutes, chaos unfolded: -> BTC crashed 12.7% to $102K -> ETH nosedived 14.3% to $3,435 -> Total liquidations: $19.1 BILLION — one of the biggest wipes in history. The trigger? USDE depegged below $0.85, collapsing collateral and unleashing a DeFi liquidation storm. Fear. Panic. Opportunity? This wasn’t just a dip — it was a liquidity quake. Smart money is already watching the dust settle… the next move could define Q4. What’s your play now — buy the blood or wait for the next wave? #Bitcoin #CryptoCrash #Liquidation #DeFi #ETH #BTC #BlackFriday #CryptoMarket

2/8 - 🌍 On Curve, USDe’s main DeFi venue, and Bybit, prices stayed near $1, dipping only slightly. This suggests the crash was caused by exchange-level stress, not a system-wide collapse.

4/8 - 💧 On Curve, hundreds of millions in liquidity cushioned volatility. USDe dropped less than 0.3% before rebounding, and redemptions stayed fully operational the entire time.

5/8 - 🧠 Dragonfly’s (@dragonfly_xyz) @hosseeb noted: “USDe was fully collateralized and worth $1 on its primary venue through the entire episode, it even increased its backing collateral during the volatility.”

7/8 - 🔍 Singla’s takeaway: Synthetic dollar assets like USDe should be described as “dollar-targeted” or “synthetic dollar exposure”, not “stablecoins.” Venue concentration, leverage, and pricing methods must evolve with common standards and transparent risk frameworks.