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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.

$1.0004
1 hour:
0.01%
24 hours:
0.02%
7d:
0.03%
All-time high:$1.0011
Apr 02, 2024 (411 days ago)
All-time low:$0.930036
Dec 20, 2024 (149 days ago)
Market
Cap:$5.38B
24-hour flight:$11.53M (0.21%)
FDV:$5 376 090 205
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
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Bybit
63%
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Bitget
36%
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Gate.io
0%
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KuCoin
0%
Websites
Social
currency to USD converter
USDE
USD

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Analytics

Ethena USDe ALL-TIME HIGH CHART
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Guy Young
Founder
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Zach Rosenberg
General Counsel
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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

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USDE / DKKDanish Krone
6.684453
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USDE / GBPBritish Pound Sterling
0.753151
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USDE / HKDHong Kong Dollar
7.811643
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USDE / INRIndian Rupee
85.560611
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USDE / JPYJapanese Yen
145.663842
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USDE / MXNMexican Peso
19.471906
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USDE / AUDAustralian Dollar
1.592067
USDE / TRYTurkish Lira
38.06471

Ethena USDe price live information

As of now, Ethena USDe is trading at 1.0004 USD, with a 24-hour trading volume of approximately 11.53M USD. The USDE to USD price is updated in real time. Over the past 24 hours, Ethena USDe has decreased by 0.02%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 5.38B USD. Currently, there are 5 373 940 629 USDE in circulation out of a maximum supply of 5 373 940 629 USDE.

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