Ethena's synthetic stablecoin USDe has seen $8.3 billion in net outflows since the October 10 crash due to waning confidence in leveraged models.SummarySubscribe to TodayOnChain membership to read full news summaries and browse without display ads.
Michael Saylor revives bitcoin-buy speculation as scrutiny over Strategy grows
DeFi’s old hack vectors are fading – But the new risk can hit six chains at once
JPMorgan says Strategy may need to rebuild dollar reserves to restore confidence
Bitcoin near $60,000 today vs February: Institutional sentiment has flipped
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