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      Binance's USDe Price Stability Measures Address Past Risks

      Cryptocurrency analyst Chen Mo reported that Binance's stablecoin, USDe, experienced a brief dip to $0.92 today. This incident echoes a previous occurrence on October 11, which was also linked to USDe. Despite this fluctuation, the on-chain price of USDe has remained stable, indicating resilience in its value.

      Chen Mo highlighted that the order book for USDe on centralized exchanges (CEX) is notably thin, which has implications for its use as collateral in trading positions. The risk associated with the price transmission observed on October 11 originated from this thin order book.

      In response to the previous instability, Binance has implemented measures to include the actual redemption price of USDe in its price index. This adjustment aims to mitigate reliance on order book quotes alone, theoretically reducing the likelihood of a recurrence of the October 11 incident.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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