CoinOtag
2025-11-25 07:05:24

USDe De-Peg May Have Sparked Liquidation Cascade in Crypto Markets

Synthetic stablecoin depegs, like those of USDe and xUSD, triggered massive liquidations and eroded market confidence in 2025. The USDe de-peg on October 10 caused a 40% price drop, wiping out nearly $20 billion in positions, while xUSD's issues led to $93 million in losses and $40 billion in DeFi liquidity evaporation. USDe de-peg on [...]

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