Cryptos: 9 180
Exchanges: 4
Market capitalization: $3.56T
Currency icon

Ethena USDe
USDE

Ethena's USDe: Delta-neutral, fully-backed synthetic dollar with yield generation.

Ethena Labs' USDe is a delta-neutral, fully-backed synthetic dollar, creating an "Internet Bond" with yield from staking and derivatives hedging. Risks are managed and transparently reported.

$0.9999
1 hour:
0%
24 hours:
0.05%
7d:
0.04%
All-time high:$1.0008
Apr 02, 2024 (402 days ago)
All-time low:$0.930036
Dec 20, 2024 (140 days ago)
Market
Cap:$5.37B
24-hour flight:$16.94M (0.32%)
FDV:$5 373 403 235
Next unlock:-
Supply
Circulating:5 373 940 629 USDE (100.00%)
Total:5 373 940 629 USDE (100.00%)
Max:-
Top 10 Ethena USDe exchangesView all
Currency icon
Bybit
73%
Currency icon
Bitget
27%
Currency icon
Gate.io
0%
Currency icon
KuCoin
0%
Websites
Social
currency to USD converter
USDE
USD

Loading chart...

Analytics

Ethena USDe ALL-TIME HIGH CHART
Avatar
Guy Young
Founder
Avatar
Zach Rosenberg
General Counsel
Avatar
Alex Fowler
Head of Operations

Upcoming events

No upcoming events planned

What is Ethena USDe (USDE)?

Ethena Labs' USDe is a fully-backed, on-chain, scalable, and censorship-resistant synthetic dollar maintained through a delta-neutral hedging strategy. This mechanism supports the 'Internet Bond,' a crypto-native, yield-bearing, dollar-denominated savings instrument. USDe's peg stability comes from automated hedges on its collateral assets. By offsetting price changes, the collateral's USD value remains stable. Ethena minimizes leverage, using staked Ethereum assets as margin. Users can acquire USDe through liquidity pools, while approved entities can mint/redeem directly. Backing assets are held within the crypto-system, eliminating reliance on traditional banking. Users can also profit from cross-market arbitrage. For example, a user deposits ~$100 of stETH and receives ~100 USDe, with E...

Global prices

USDE / DKKDanish Krone
6.624078
USDE / GBPBritish Pound Sterling
0.752395
USDE / HKDHong Kong Dollar
7.775152
USDE / INRIndian Rupee
85.28749
USDE / JPYJapanese Yen
145.238155
USDE / MXNMexican Peso
19.491261
USDE / PHPPhilippine Peso
57.09786
USDE / PKRPakistani Rupee
279.961951
USDE / AUDAustralian Dollar
1.591271
USDE / CADCanadian Dollar
1.388631
USDE / SGDSingapore Dollar
1.319548
USDE / TRYTurkish Lira
38.045685
USDE / BRLBrazilian Real
5.841926
USDE / KRWSouth Korean Won
1 426.382038
USDE / RUBRussian Ruble
82.281981
USDE / UAHUkrainian Hryvnia
41.430247
USDE / CNYChinese Yuan
7.347715

Ethena USDe price live information

As of now, Ethena USDe is trading at 0.9999 USD, with a 24-hour trading volume of approximately 16.94M USD. The USDE to USD price is updated in real time. Over the past 24 hours, Ethena USDe has decreased by 0.05%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 5.37B USD. Currently, there are 5 373 940 629 USDE in circulation out of a maximum supply of 5 373 940 629 USDE.

Interested To Stay Up-To-Date With Cryptocurrencies?

Get the latest crypto news, updates and reports by subscribing to our Telegram updated channel!

CMC.IO provides a fundamental analysis of the crypto market. In addition to tracking price, volume and market capitalization, CMC.IO tracks community growth, open-source code development, major events and on-chain metrics.

IMPORTANT DISCLAIMER: All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms "Site" is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.

© 2023 CMC.IO. All rights reserved