USDE/USDT briefly lost its peg on Binance on Sept. 22, according to platform data cited by BlockBeats. The pair moved off parity at 13:01 and fell to an intraday low of $0.9202 at 13:03 before recovering to $0.9987 by 13:07, returning close to its peg. The move was short-lived, but it marked a sharp swing within a matter of minutes.
USDE’s market capitalization was last reported at $4.912 billion, placing it 18th in the cryptocurrency market cap rankings. The report also noted an earlier development involving Ethena Labs and BlackRock. The two sides had announced deeper cooperation, with BlackRock’s institutional investment management platform Aladdin set to provide broader support for Ethena’s stablecoin products. USDe was listed as one of the crypto assets supported by Aladdin under that arrangement.
USDE/USDT briefly lost its peg on Binance on Sept. 22, according to platform data cited by BlockBeats. The pair moved off parity at 13:01, hit a low of $0.9202 at 13:03, and recovered to $0.9987 by 13:07, returning close to its peg.
USDE’s market capitalization was last reported at $4.912 billion, ranking 18th among cryptocurrencies by market value.
Earlier, BlackRock and Ethena Labs announced expanded cooperation. Under that arrangement, Aladdin, BlackRock’s institutional investment management platform, will provide additional support for Ethena’s stablecoin products, with USDe included among the crypto assets supported by Aladdin.
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