The stablecoin sector experienced a brief disruption as $USDe and $FDUSD, both faced temporary depegging incidents. Arthur Hayes highlighted the on-chain risk factors for $USDe, including its peg monitor, price performance, and liquidity metrics, produced by Ethena. Despite these analytical tools, $USDe depegged for half an hour but has since returned to its normal peg. This incident has brought renewed scrutiny to the stability of stablecoins in the cryptocurrency market.