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

Ethena's synthetic stablecoin USDe has seen its market capitalization shrink 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; however, in just over two months, it has fallen to approximately $6.4 billion. (Cointelegraph)