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Ethena confirms that the USDe minting and redemption functionality is operating as expected

2025-10-11 06:17

BlockBeats News, October 11th, Ethena has confirmed that the minting and redemption functionality is working as expected, while USDe is overcollateralized due to additional Unrealized Profits and Losses (UPnL).

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Bitcoin Withdrawal Continues, with a CEX Net Outflow of 2,167.72 BTC in the Last 24 Hours

Binance has released the "<i>Announcement on USDE, BNSOL, and WBETH Off-peg Incident Handling and Risk Control Optimization</i>".

Suspected Bitmine affiliated addresses today accumulated a total of 78,824 ETH, worth $302.12 million

Insight: USDe is a financial instrument rather than a stablecoin, and its marketing narrative's dissonance is intended to target use cases.

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