Coingape
Ethena’s USDe Briefly Crashes to $0.92 on Binance, Snaps Back to $1 Before Wallet Upgrade
Ethena’s synthetic dollar USDe briefly printed $0.9202 on Binance’s USDE/USDT spot pair on September 22, 2026. The wick happened at roughly 1 p.m. Beijing time. It snapped back to near $0.9996 within minutes. That is an 8% gap, brief, yes, but loud enough to revive questions about USDe depeg risk for a token sitting on
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