Odaily Planet Daily reported that Coingecko data showed that the market value of USDe, a stablecoin issued by Ethena Labs, has dropped from about $13.5 billion yesterday to below $12.7 billion. It is now reported at $12,660,245,970, a decrease of more than $2.16 billion from about $14.82 billion seven days ago.

According to previous news, USDe was severely decoupled from the US dollar during the cryptocurrency crash on October 11, falling to as low as $0.62 on some decentralized exchanges, with a decoupling rate of as much as 38%. The price has now recovered to the $1 range.