PANews reported on October 11th that Ethena Labs officially released a reserve certificate in response to market doubts, stating: "USDe reserve certificates are typically provided weekly by third-party independent certification agencies, including Chaos Labs, Chainlink, Llama Risk, and Harris & Trotter. At the request of the community, Ethena provided a reserve certificate with an unconventional rhythm based on market events in the past 24 hours. The certificate can be found in the official link. These independent third parties have confirmed that USDe still has approximately $66 million in overcollateralization. Ethena Labs provides the greatest degree of transparency."

Earlier news reported that USDe was seriously decoupled this morning. Ethena said that USDe minting and redemption were operating normally and assets were still over-collateralized .