USDe Briefly Depegs to $0.92 on Binance; Traders Report Significant Gains

Ethena's synthetic dollar USDe experienced a brief depegging on Binance on September 22, 2026, dropping to $0.9202 within seven minutes before recovering. Reports from social media suggest some traders capitalized on the volatility, with claims of earning approximately $150,000 in profit by buying at the low and selling near $0.99. Binance transaction records confirm a surge in volume during this period, though the identity of specific traders remains unverified.