The market capitalization of Ethena's synthetic stablecoin USDe has shrunk by nearly half since the "October 11th crash".

According to Odaily Planet Daily, the market capitalization of Ethena's synthetic stablecoin USDe has shrunk by nearly half since the "10/11 crash," with a net outflow of approximately $8.3 billion. Data from CoinMarketCap shows that as of October 9th, USDe's market capitalization was close to $14.7 billion. In just over two months, its market capitalization has plummeted to approximately $6.4 billion. (Cointelegraph)