PANews reported on October 12th that the founder of Ethena Labs stated in a post on the X platform: "Oracles attempt to identify two distinct scenarios: a temporary price dislocation in the secondary market and a permanent impairment of collateral. The latter has never occurred with USDe and is much less likely for most assets, including USDe." While the DeFi currency market has been criticized for USDe's peg to USDT, it believes this practice is reasonable because it avoids liquidations caused by temporary price imbalances. Ethena provides on-demand proof of reserves to a small number of entities, some of which are also oracle providers, including Chaos Labs and Chainlink. Ethena's minting and redemption functions did not go down during the market turmoil this week. Major liquidity venues through on-chain venues such as Curve, Uniswap, and Fluid experienced price dislocations. More than $9 billion of on-demand stablecoin collateral was available for immediate redemption, but actual usage was only a small portion.PANews reported on October 12th that the founder of Ethena Labs stated in a post on the X platform: "Oracles attempt to identify two distinct scenarios: a temporary price dislocation in the secondary market and a permanent impairment of collateral. The latter has never occurred with USDe and is much less likely for most assets, including USDe." While the DeFi currency market has been criticized for USDe's peg to USDT, it believes this practice is reasonable because it avoids liquidations caused by temporary price imbalances. Ethena provides on-demand proof of reserves to a small number of entities, some of which are also oracle providers, including Chaos Labs and Chainlink. Ethena's minting and redemption functions did not go down during the market turmoil this week. Major liquidity venues through on-chain venues such as Curve, Uniswap, and Fluid experienced price dislocations. More than $9 billion of on-demand stablecoin collateral was available for immediate redemption, but actual usage was only a small portion.
Ethena Labs founder: USDDe's anchoring to USDT is reasonable, and the minting and redemption functions did not stop during the market turmoil
PANews reported on October 12th that the founder of Ethena Labs stated in a post on the X platform: "Oracles attempt to identify two distinct scenarios: a temporary price dislocation in the secondary market and a permanent impairment of collateral. The latter has never occurred with USDe and is much less likely for most assets, including USDe." While the DeFi currency market has been criticized for USDe's peg to USDT, it believes this practice is reasonable because it avoids liquidations caused by temporary price imbalances.
Ethena provides on-demand proof of reserves to a small number of entities, some of which are also oracle providers, including Chaos Labs and Chainlink. Ethena's minting and redemption functions did not go down during the market turmoil this week. Major liquidity venues through on-chain venues such as Curve, Uniswap, and Fluid experienced price dislocations. More than $9 billion of on-demand stablecoin collateral was available for immediate redemption, but actual usage was only a small portion.
Market Opportunity
Notcoin Price(NOT)
$0.0004054
$0.0004054$0.0004054
USD
Notcoin (NOT) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise
The post China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise appeared on BitcoinEthereumNews.com. China Blocks Nvidia’s RTX Pro 6000D as Local Chips Rise China’s internet regulator has ordered the country’s biggest technology firms, including Alibaba and ByteDance, to stop purchasing Nvidia’s RTX Pro 6000D GPUs. According to the Financial Times, the move shuts down the last major channel for mass supplies of American chips to the Chinese market. Why Beijing Halted Nvidia Purchases Chinese companies had planned to buy tens of thousands of RTX Pro 6000D accelerators and had already begun testing them in servers. But regulators intervened, halting the purchases and signaling stricter controls than earlier measures placed on Nvidia’s H20 chip. Image: Nvidia An audit compared Huawei and Cambricon processors, along with chips developed by Alibaba and Baidu, against Nvidia’s export-approved products. Regulators concluded that Chinese chips had reached performance levels comparable to the restricted U.S. models. This assessment pushed authorities to advise firms to rely more heavily on domestic processors, further tightening Nvidia’s already limited position in China. China’s Drive Toward Tech Independence The decision highlights Beijing’s focus on import substitution — developing self-sufficient chip production to reduce reliance on U.S. supplies. “The signal is now clear: all attention is focused on building a domestic ecosystem,” said a representative of a leading Chinese tech company. Nvidia had unveiled the RTX Pro 6000D in July 2025 during CEO Jensen Huang’s visit to Beijing, in an attempt to keep a foothold in China after Washington restricted exports of its most advanced chips. But momentum is shifting. Industry sources told the Financial Times that Chinese manufacturers plan to triple AI chip production next year to meet growing demand. They believe “domestic supply will now be sufficient without Nvidia.” What It Means for the Future With Huawei, Cambricon, Alibaba, and Baidu stepping up, China is positioning itself for long-term technological independence. Nvidia, meanwhile, faces…
Share
BitcoinEthereumNews2025/09/18 01:37
Market Records Largest Long-Term Bitcoin Supply Release In History, Here’s What It Means For BTC
Bitcoin has recorded what analysts describe as the largest long-term supply release in its history, coinciding with a sharp rise in leverage across derivatives
Share
Coinstats2026/02/08 07:06
Bitcoin Cash’s rally faces KEY test – Can BCH hold above $500?
On-chain activity points to improving conditions that could support further gains in Bitcoin Cash, though the outlook remains mixed.
Share
Coinstats2026/02/08 07:00