Analyst: '1011' began with USDe depegging, risk contagion theoretically won't repeat

BlockBeats news, September 22: Crypto analyst Chen Mo posted that Binance's USDe briefly depegged abnormally to $0.92 today. The last time on 1011, USDe also had issues, while on-chain prices never showed any abnormality.

USDe's order book on CEXs is very thin, and it also supports USDe as opening collateral. The risk transmission on 1011 started here, but afterward Binance added USDe's actual redemption price to the price index, no longer only reading order book quotes, so in theory 1011 will not repeat.