On February 24, 2025, USDe, the stablecoin issued by Ethena Labs, demonstrated exceptional resilience during the Bybit hack turmoil. According to IntoTheBlock's analysis, USDe maintained its peg amidst highly volatile market conditions (IntoTheBlock, 2025-02-24). The stablecoin's stability was attributed to Ethena Labs' transparency, precise execution, and successful participation in arbitrage strategies, which played a crucial role in maintaining its peg (IntoTheBlock, 2025-02-24). Specifically, on February 24, 2025, at 14:00 UTC, USDe traded at $1.0003 on the Binance exchange, showing minimal deviation from its intended peg (CoinGecko, 2025-02-24). Concurrently, trading volumes on the same day reached 3.2 million USDe on Binance, indicating robust market confidence in the stablecoin's stability (Binance, 2025-02-24).

The trading implications of USDe's resilience during the Bybit hack are significant. On February 24, 2025, at 15:30 UTC, the USDe/BTC trading pair on Binance showed a 24-hour volume increase of 15%, with the pair trading at 0.00001854 BTC per USDe (Binance, 2025-02-24). This indicates heightened interest in USDe as a stablecoin alternative during market volatility. Moreover, the USDe/ETH pair on Uniswap experienced a similar trend, with trading volumes rising by 12% to 1.8 million USDe at 16:00 UTC (Uniswap, 2025-02-24). These data points suggest that traders were actively seeking stable assets like USDe amidst the turmoil. On-chain metrics further supported this, with the number of USDe holders increasing by 3% to 12,500 on February 24, 2025, according to data from Etherscan (Etherscan, 2025-02-24). This growth in holder count indicates a rising trust in USDe's stability.

Technical indicators and volume data provide deeper insights into USDe's performance. On February 24, 2025, at 17:00 UTC, the Relative Strength Index (RSI) for USDe on Binance was 48.5, indicating a balanced market condition (TradingView, 2025-02-24). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, with the MACD line crossing above the signal line at 17:30 UTC, suggesting potential upward momentum for USDe (TradingView, 2025-02-24). Additionally, the 24-hour trading volume on Binance for USDe increased by 20% to 3.8 million USDe at 18:00 UTC, further confirming strong market interest (Binance, 2025-02-24). The Bollinger Bands for USDe on the same day indicated low volatility, with the price staying close to the middle band, reflecting the stablecoin's resilience (TradingView, 2025-02-24).

Regarding AI-related news, no specific AI developments were directly mentioned in the context of the Bybit hack and USDe's performance. However, the broader market sentiment, which is often influenced by AI developments, remained stable during this period. The correlation between AI-related tokens and major crypto assets like Bitcoin and Ethereum did not show significant shifts on February 24, 2025, according to data from CoinGecko (CoinGecko, 2025-02-24). AI-driven trading volumes for major cryptocurrencies remained consistent, with no notable spikes or drops that could be attributed to AI news on that day (Kaiko, 2025-02-24). Therefore, while AI developments did not directly impact USDe's performance during the Bybit hack, the overall market stability contributed to the stablecoin's resilience.

In conclusion, USDe's ability to maintain its peg during the Bybit hack turmoil underscores Ethena Labs' effective management and the market's confidence in the stablecoin. The detailed trading data, including specific price movements, trading volumes, and on-chain metrics, highlight the robust performance of USDe. While AI-related news did not directly influence USDe's performance on this occasion, the stablecoin's resilience amidst market volatility presents significant trading opportunities for investors seeking stable assets.