Stablecoin Risk Reevaluation: USDe Half of Market Capitalization Evaporated in Two Months, $8.3 Billion Capital Outflow

2025-12-23 14:04:10

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[BitPush] The synthetic stablecoin sector has stirred up quite a commotion. USDe, issued by Ethena, has not had a moment of peace since this autumn, and the fall in market capitalization is heartbreaking. The data is clear: at the beginning of October, the market cap was still around $14.7 billion, but by early December it had slumped to $6.4 billion, evaporating nearly half of its market cap in just over two months. Even more distressing is the net outflow of funds during this period, reaching around $8.3 billion, a number that clearly indicates how fragile market confidence is in this type of stablecoin. Once a rising star in the DeFi ecosystem, it is now undergoing a harsh test from the market. This reflects a renewed awareness of the risks in the stablecoin sector, with investors beginning to choose their liquidity providers more cautiously.

USDE0.02%

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MrDecoder

· 12-23 14:28

1.47 billion slumped to 640 million, this speed is really astonishing, no wonder so many people are running away.

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GoldDiggerDuck

· 12-23 14:17

Uh, this wave of USDe is really disappointing, a direct 50% Slump to 14.7 billion... I just want to ask who still dares to touch synthetic stablecoins?

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GasWaster

· 12-23 14:10

8.3 billion Rug Pull, this is what we call real "stability" haha.

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