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Ethena Founder: Anchoring USDe to USDT Is Reasonable, Minting and Redeeming Functions Did Not Go Down During Market Turbulence

2025.10.12 17:56:15

On October 12th, the founder of Ethena, Guy Young, tweeted, "Although the DeFi money market has been criticized for pegging USDe to USDT, I think this is the right approach to prevent user liquidations caused by temporary price differences. In every extreme event in the past two years, this decision has been proven to be correct." "In this incident, the minting and redemption functions of USDe performed well. The price deviation of multiple Curve, Fluid, and Uniswap liquidity pools with more than a hundred million dollars in on-demand liquidity was less than 30 basis points, which was consistent with the price deviation between USDC and USDT on Binance."
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