USDE depegging from USDT had a big impact in today's crypto liquidations cascade. Can tell so as names not actively traded in CEXes didn't suffer as much -- with some actually having already fully recovered the dump. USDE is extensively used as collateral across CEXesand DeFi. But in DeFi land, Aave had USDE pegged to USDT at 1.0, hard coded. Not so in CEXes such as Binance and Bybit 👇(Alex Krüger)