{"id":57507,"date":"2025-11-20T16:57:05","date_gmt":"2025-11-20T13:57:05","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=57507"},"modified":"2025-11-20T16:57:05","modified_gmt":"2025-11-20T13:57:05","slug":"ethena-wants-to-secure-usde-stability","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ethena-wants-to-secure-usde-stability\/","title":{"rendered":"Ethena Wants to Secure USDe Stability!"},"content":{"rendered":"<p>Everyone knows Ethena Labs, the organization behind the $ENA token, and the company also operates a stablecoin named USDe. On the night of October 10 \u2014 a night many in the crypto community remember with fear \u2014 the USDe stablecoin lost its stability and fell below $0.99. This situation is referred to as a \u201cpeg\u201d event in the crypto world.<\/p>\n<p>Ethena Labs has proposed a plan to preserve USDe\u2019s peg stability by repurchasing and burning approximately $95 million worth of USDe \u2014 equal to about 1.2% of its current collateral assets \u2014 whenever the secondary market price falls to $0.99 or below.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/ethena-wants-to-secure-usde-stability\/#Will_This_Move_Work\" title=\"Will This Move Work?\">Will This Move Work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/ethena-wants-to-secure-usde-stability\/#Will_the_Proposal_Be_Approved\" title=\"Will the Proposal Be Approved?\">Will the Proposal Be Approved?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/ethena-wants-to-secure-usde-stability\/#How_Will_USDe_Be_Affected\" title=\"How Will $USDe Be Affected?\">How Will $USDe Be Affected?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Will_This_Move_Work\"><\/span>Will This Move Work?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>According to the statement from Ethena Labs, the event was not a global de-peg but rather an issue isolated to Binance, caused by liquidity and oracle discrepancies. When examining other platforms during the same period, USDe maintained its stability with almost no price change.<\/p>\n<p>If the strategy proposed by Ethena Labs is implemented, the repurchased USDe will be burned, meaning they will be permanently removed from circulation. This will reduce the circulating supply and create a stronger support level for maintaining price stability.<\/p>\n<p>This article may also interest you: <em><strong><a href=\"https:\/\/coinmuhendisi.com\/blog\/nvidia-bilancosu-aciklandi-ai-balonu-endisesi\/\">NVIDIA Earnings Report Released! | AI Bubble Concerns!<\/a><\/strong><\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Will_the_Proposal_Be_Approved\"><\/span>Will the Proposal Be Approved?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Ethena Risk Committee will evaluate this strategy under its governance framework and submit it to a management vote. If approved, buybacks will be carried out through a bidding process between Ethena and centralized exchanges. After bids are accepted, settlements will take place off-exchange, minimizing deposit collateral risks for exchanges.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Will_USDe_Be_Affected\"><\/span>How Will $USDe Be Affected?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A buyback of this scale would create strong price support for USDe, helping prevent potential de-peg events. As approximately 1.2% of the circulating supply gets removed, the overall collateral ratio of USDe would improve.<\/p>\n<p>For the latest crypto news, <span class=\"darkmysite_processed\" style=\"color: #0000ff;\" data-darkmysite_preserved_bg=\"rgb(16, 18, 19)\" data-darkmysite_preserved_color=\"rgb(0, 0, 255)\"><a class=\"darkmysite_processed\" style=\"color: #0000ff;\" href=\"https:\/\/t.me\/coinmuhendisihaber\" data-darkmysite_preserved_bg=\"rgb(16, 18, 19)\" data-darkmysite_preserved_color=\"rgb(254, 216, 43)\">click here<\/a><\/span>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Everyone knows Ethena Labs, the organization behind the $ENA token, and the company also operates a stablecoin named USDe. On the night of October 10 \u2014 a night many in the crypto community remember with fear \u2014 the USDe stablecoin lost its stability and fell below $0.99. This situation is referred to as a \u201cpeg\u201d<\/p>\n","protected":false},"author":13,"featured_media":41222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[886,847,25816,13095,5165,2910,25813,25817,25812,25815,25814,488,25811,1921,4833,25810],"class_list":["post-57507","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-buyback","tag-crypto-news","tag-depeg-event","tag-ena-token","tag-ethena","tag-liquidation","tag-liquidation-event","tag-market-stability","tag-market-stabilization","tag-risk-committee","tag-secondary-market","tag-stablecoin","tag-stablecoin-stability","tag-token-burn","tag-usde","tag-usde-buyback"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethena Wants to Secure USDe Stability! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Ethena Labs, the organization we all know, which owns the $ENA token, also has a stablecoin called USDe.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ethena-wants-to-secure-usde-stability\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethena Wants to Secure USDe Stability! 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