Analyst: The '1011' incident, where risk contagion began with USDe’s depegging, theoretically will not repeat.
53 minutes ago
Crypto analyst Chen Mo noted in a post that Binance’s USDe briefly depegged abnormally to $0.92 today. The last USDe-related incident occurred on October 11 (1011), though its on-chain price remained normal throughout. USDe has a thin order book on centralized exchanges (CEXs) and is accepted as collateral for position opening; the risk spillover from the October 11 incident stemmed from this mechanism. Since then, Binance has added USDe’s actual redemption price to its price index, no longer relying solely on order book quotes. In theory, the October 11 event will not repeat.
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