(USDe) Experiences Disruption in Its Peg to the Dollar After Trump's Announcement.. and Cryptocurrencies Plummet
October 11, 20251494 ViewsRead Time: 1 minutes
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The stablecoin "USDe" experienced a sharp disruption in its value, briefly losing its peg to the US dollar, dropping to 65 cents on the "Binance" platform, before regaining some of its value later.
USDe is marketed as an "artificial dollar," designed to maintain a fixed peg to the dollar at a 1:1 ratio, but a sudden wave of selling drove its value down, amid record liquidations in the market.
This collapse came after US President Donald Trump announced an additional 100% tariff on China, sparking panic in the digital markets and leading to a widespread decline in cryptocurrency prices.
The decoupling of stablecoins is considered one of the most dangerous scenarios in the crypto world, as it threatens investor confidence and exposes the fragility of some algorithmic models that these currencies rely on.
