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Ethena USDe

Ethena USDe

USDE
#23
$0.9999Down 0.01 percent($0.00)

Key Stats

Market Cap$4.35BDown 0.01 percent
Volume (24h)$34.30M
Fully Diluted Value$4.35B
Vol/Mkt Cap (24h)0.79%
Total Supply4.35B USDE
Max Supply∞
Circulating Supply4.35B USDE
Launch Date2023-11-20
Built OnETH
Token StandardERC20
Smart Contract Address0x4c9e…68b3
Decimal Places18

Ethena USDe Information

Websites
app.ethena.fi
Industries
Stablecoin
Parent Asset
USD

Ethena USDe Price Converter

Ethena USDeUSDE
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Latest Ethena USDe News

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Research Reports

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RWA Tokenization Hits $28.9B Record as Stablecoin Market Cap Extends Gains to $320B
Featured

RWA Tokenization Hits $28.9B Record as Stablecoin Market Cap Extends Gains to $320B

Stablecoin Market Cap Hits All-Time High of $321B as USDT Records New All-time High

Stablecoin Market Cap Hits All-Time High of $321B as USDT Records New All-time High

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Ethena USDe Markets

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InstrumentExchangeBenchmark DataPrice24h Change
Ethena USDeUSDT logo
USDE-USDT
USDEUSDT
bybit logobybit
A
0.9999USDT
-0.01%
Ethena USDeUSDT logo
USDE-USDT
USDEUSDT
binance logobinance
AA
0.9998USDT
-0.02%
Ethena USDeUSDC logo
USDE-USDC
USDEUSDC
bybit logobybit
A
1.00USDC
0.00%
Ethena USDeUSDC logo
USDE-USDC
USDEUSDC
binance logobinance
AA
1.00USDC
-0.01%
Ethena USDeUSDC logo
USDE-USDC
USDE_USDC
deribit logoderibit
BB
1.00USDC
-0.04%

Ethena USDe Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
USDEERC20ETH0x4c9edd5852cd905f086c759e8383e09bff1e68b32023-11-20
USDESPLSOLDEkqHyPN7GMRJ5cArtQFAWefqbZb33Hyf6s5iCwjEonT2024-07-26
USDeERC20ZRC0x5d3a1Ff2b6BAb83b63cd9AD0787074081a52ef342024-08-21
USDeOFTERC20ZK0x39Fe7a0DACcE31Bd90418e3e659fb0b5f0B3Db0d2024-06-14
SUSDEERC20ETH0x9d39a5de30e57443bff2a8307a4256c8797a34972023-11-14

About Ethena USDe

Ethena USDe (USDE) is a synthetic dollar stablecoin built on the Ethereum blockchain that utilises a delta hedging strategy with ETH as collateral to maintain its dollar peg. It supports a novel financial instrument called the 'Internet Bond', offering a yield-generating opportunity. The project is spearheaded by Ethena Labs and has received substantial backing from notable investment figures.

Frequently Asked Questions

Ethena USDe (USDE) is a synthetic dollar token designed to operate on the Ethereum blockchain as an ERC-20 cryptocurrency. It serves as the foundational currency of the Ethena Protocol, facilitating various functions within the Ethena Finance ecosystem​​. The protocol supports the creation and redemption of a delta-neutral synthetic dollar, which is touted as the first fully-backed, scalable, and censorship-resistant form of money in the crypto space.

USDe is primarily used as a stable synthetic dollar that integrates a variety of financial mechanisms to maintain its peg to the USD and provide a stable, scalable, and accessible financial system. The token leverages staked Ethereum (ETH) as collateral, employing a delta hedging strategy to manage the price stability against ETH's volatility. This approach helps in minimizing the fluctuations of the backing asset's price, thereby maintaining the synthetic USD value of the collateral relatively stable​​​.

Additionally, USDe underpins the 'Internet Bond' which combines the yield from derivatives markets and staked ETH to generate high returns, thereby democratizing investment opportunities and conceptually redefining savings in the digital age​.

Ethena USDe was developed by Ethena Labs, under the leadership of its founder Guy Young, also known as Leptokurtic.