Ethena Labs announced to back its USDe synthetic dollar with Bitcoin and some crypto experts have raised red flags on the move as it may crash the crypto market. Among these experts, on-chain data platform CryptoQuant CEO said USDe backed by Bitcoin raises risks of a potential Terra LUNA-like crisis. CryptoQuant CEO Red Flags Ethena The post Can Ethena Backing USDe With Bitcoin Crash Market Like Terra-LUNA? appeared first on CoinGape .