Ethena's USDe briefly dips to $0.95 on Bybit

The price of USDe, Ethena's (ENA) U.S. dollar-pegged stablecoin, briefly dipped to $0.95 on crypto exchange Bybit in the morning of Dec. 20, according to data from Bybit's official website. However, it has since recovered to $0.9985. In addition, ENA also dropped around 2% this morning but has since recovered. At the time of writing, ENA is trading at $0.913978 on Bybit, down 20.20% over the past 24 hours.