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![DuRtY_Crypto Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1345858451054886912.png) DuRtY Crypto [@DuRtY_Crypto](/creator/twitter/DuRtY_Crypto) on x 8480 followers
Created: 2025-07-15 16:23:54 UTC

I told you. Uses USDC / USDT as collateral too, which have blacklist functions.

Ethena’s USDe is not decentralized because it relies heavily on centralized exchanges (CEXs) to maintain its peg through off-chain short positions. It also depends on centralized custodians for managing collateral and lacks censorship resistance or DAO-controlled governance.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945157384290115635/c:line.svg)

**Related Topics**
[governance](/topic/governance)
[exchanges cexs](/topic/exchanges-cexs)
[exchanges](/topic/exchanges)
[decentralized](/topic/decentralized)
[usdt](/topic/usdt)
[told](/topic/told)
[usdc](/topic/usdc)
[coins made in usa](/topic/coins-made-in-usa)

[Post Link](https://x.com/DuRtY_Crypto/status/1945157384290115635)