Odaily News Ethena officially stated on X: “Due to market turbulence and large-scale liquidations, the secondary market price of USDe has experienced fluctuations. We can confirm that the minting and redemption functions of USDe have always remained operational without any downtime, and USDe continues to maintain over-collateralization. Affected by the liquidations, the price of Futures Trading in the market has consistently been lower than the Spot price and continues to be below the Spot price. Since Ethena holds Spot and is shorting contracts, this has unexpectedly generated more additional revenue for USDe. Therefore, due to the impact of the sudden events, the over-collateralization ratio of USDe will be higher than yesterday.”
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
