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Ethena Labs Founder: USDe is pegged to USDT reasonably to avoid price imbalance.
According to news from Hashkey, the founder of Ethena Labs stated on the X platform that oracles attempt to identify two different scenarios: temporary misalignment of secondary market prices and permanent devaluation of collateral, the latter of which has never occurred with USDe. For most assets, including USDe, the likelihood of this phenomenon occurring is much lower. Although the DeFi money market has faced criticism for USDe being pegged to USDT, this practice is considered reasonable as it can avoid liquidation caused by temporary price imbalances.
$USDe $USDT #EthenaLabs DeFi #Cryptocurrency Blockchain