According to a breaking development, the stablecoin USDE on Binance has lost its price peg of one dollar and is trading around $0.80 at the time of writing. USDE, a major stablecoin with a market capitalization of $14 billion, forms the cornerstone of the Ethena ecosystem. Following the release of this news, USDE has partially recovered its value to close to $1 and is trading at $0.94. *This is not investment advice. Continue Reading: BREAKING: A Stablecoin Has Lost Its Peg to the Dollar