DAI.e Depegs on Avalanche, Trades at About $1.10

Cointime reports: DAI.e, the Avalanche Bridge version of DAI, has broken its $1 peg and repriced to about $1.10 in active DEX pools on Avalanche, Blockaid said on X on November 6. The move puts the bridged stablecoin roughly 10% above its intended $1 target.