USDe Stablecoin Dips to $0.65 but Remains Overcollateralized

đŸ—“ïžOn Oct 11, 2025, USDe/USDT on Binance dropped to a low of $0.65 đŸ©ž Ethena Labs attributed the move to market volatility and liquidations. Minting and redemption remain fully operational, and the stablecoin is overcollateralized đŸ’č Liquidations have converted short positions’ uPNL into protocol revenue, boosting USDe’s collateralization.

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