Andrew
Well-known member
USDe is trying to carve out a spot in the stablecoin world, but after watching the Terra/UST collapse, I’m skeptical of anything with algorithmic elements. Stability mechanisms are only as strong as market confidence, and we all know how fragile that can be. If another depegging event happens, it won’t just hurt USDe — it could ripple across the entire DeFi space.
Is anyone here actually using USDe in size? What protections or safeguards make you trust it?
Is anyone here actually using USDe in size? What protections or safeguards make you trust it?