USDe's market cap fell by 14.3% following the October 11 crypto crash, briefly depegging to $0.65 before recovering to its $1 target, reflecting volatility in the market.
Ethena Labs' USDe stablecoin saw its market capitalization fall from $14.284 billion to $12.699 billion, a 14.3% drop, following the October 11 crypto crash. The stablecoin temporarily depegged to $0.65 on some decentralized exchanges but has since rebounded to around $1, indicating stabilization after the market disturbance.