USDe Stable Despite Trade War Volatility
Article
Authors
Omkar Godbole
Sam Reynolds
Publish date
Feb 3, 2025 - 12:00am
Publisher
CoinDesk
Web URL
https://www.coindesk.com/markets/2025/02/03/usde-stable-despite-trade-war-volatility
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USDe differs from stablecoins such Circle's USDC because it's a synthetic stablecoin and not backed by fiat assets at a 1:1 ratio. The stablecoin maintains its $1 peg by collateralizing stablecoins and leveraging a hedged cash-and-carry trade, which involves taking futures positions with large open interest available to stabilize value.
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