After the "collapse" of USD, it has continued to decline, with its market capitalization shrinking by nearly half in two months.

2025-12-23 14:20:08

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【Coin World】USDe has not been doing well lately. This synthetic stablecoin launched by Ethena has been on a downward trend since the “1011 crash”, with a net outflow of 8.3 billion USD, and the fall has been astonishing.

The data speaks volumes: on October 9, the market value of USDe was still close to 14.7 billion USD, but in just over two months, it fell to around 6.4 billion USD. This means that the market value has directly shrunk by nearly half. Behind this dramatic fluctuation is a serious shake in market confidence in stablecoins.

The continuous outflow of large amounts of funds indicates that investors are voting with their feet. This is not a good sign for the entire stablecoin ecosystem.

USDE0.04%

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OldLeekMaster

· 16h ago

Oh no, another "stablecoin" has crashed, this time it's USDe... a 50% slump, can it still be called stable? Hilarious. 8.3 billion Rug Pull, how cowardly is that? I just want to know what those who hyped Ethena are saying now. Once confidence collapses, it directly leads to a 50% slump, indicating that everyone has seen through it. Money votes with its feet and never lies, running away is the hard truth. This ecosystem needs to lose a few more before it wakes up.

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