Binance's USDe is off its peg again at 0.92. Last time on 10/11, it was also USDe that had issues, but the on-chain price has always remained stable. The USDe order book on CEX is very thin, and it’s also supported as collateral for opening positions. The risk transmission on 10/11 started here, but later Binance included the actual redemption price of USDe in the price index, no longer relying solely on order book quotes. In theory, 10/11 shouldn’t repeat. (Hope Binance doesn’t mess up the index)