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Binance’s USDE/USDT trading pair short-term depegged, once falling to $0.92.

1 hours ago

Per Binance platform data, the USDE/USDT trading pair briefly depegged at 13:01 today, hitting a low of $0.9202 at 13:03 before returning to near peg at $0.9987 by 13:07. USDE’s current market cap is reported at $4.912 billion, placing it 18th on the cryptocurrency market cap rankings. Earlier, BlackRock and Ethena Labs announced deepened cooperation, with BlackRock’s institutional investment management platform Aladdin further supporting Ethena’s stablecoin products, including USDE as one of the crypto assets backed by Aladdin.

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