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The market capitalization of the Ethena synthetic stablecoin USDe has shrunk by nearly half since the "1011 crash".
Odaily News Ethena synthetic stablecoin USDe market capitalization has shrunk by nearly half since the “1011 crash,” with a net outflow of approximately 8.3 billion USD, according to CoinMarketCap data. As of October 9, the market capitalization of USDe was close to 14.7 billion USD. In just over two months, its market capitalization has fallen to about 6.4 billion USD. (Cointelegraph)