Ethena USDe
$1.00
0.0%(24h)Today
0.0%
30 Days
0.1%
Price Change (24h)
$0.000100
View on TradingView
Price of Ethena USDe Today
The live price of Ethena USDe is $1.00 per USDE/USD, +0.01% in the last 24 hours. It has a market cap of $4.26B and $2.93M in trading volume over the same period. Prices are averaged across every exchange we track and update continuously. USDE has a circulating supply of 4.26B.
Current price
$1.0024h high
$1.0024h low
$1.0024h
+0.01%7d
+0.00%30d change
+0.10%USDE Market Stats
Rank
#24
By market cap
Market Cap
$4.26B
24h Volume
$2.93M
Across 7 exchanges
FDV
$4.26B
If all tokens were issued
Circulating Supply
4.26B USDE
Total Supply
4.26B USDE
Max Supply
—
No fixed cap
Listed on
7 exchanges
Website & Community
Contract
ETH0x4c9e…68b3TONEQAIb6…zP5f
Website
Community
Categories
StablecoinsUSD StablecoinBNB Chain EcosystemSolana EcosystemAvalanche EcosystemArbitrum Ecosystem
Where to buy Ethena USDe
Ethena USDe is available on 8 exchanges. Prices shown are live.
| Exchange | Pair | Volume | Trade |
|---|---|---|---|
| Bybit | USDEUSDT | $7.26M | Buy USDE on Bybit |
| Binance | USDEUSDT | $6.37M | Buy USDE on Binance |
| MEXC | USDEUSDT | $1.86M | Buy USDE on MEXC |
| LBank | usde_usdt | $451.07K | Buy USDE on LBank |
| Kraken | USDE/USDT | $46.70K | Buy USDE on Kraken |
| Bitget | USDEUSDT | $25.70K | Buy USDE on Bitget |
| KuCoin | USDE-USDT | $4.95K | Buy USDE on KuCoin |
| Gate | USDE_USDT | $1.93K | Buy USDE on Gate |
Price: $1.00 — Price Source: 7 exchanges
We may earn a commission when you sign up through these links. This never affects the prices shown.
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What is Ethena USDe?
Ethena is a protocol on Ethereum that aims to create a synthetic dollar, referred to as USDe, as a digital currency solution independent of traditional banking infrastructure. The project also plans to offer a dollar-denominated savings product, called the "Internet Bond," designed for global access.
USDe is positioned as a censorship-resistant and stable crypto asset, created by delta-hedging staked Ethereum collateral. The token is intended to be fully backed by onchain reserves and compatible with decentralized finance applications. Its price stability is maintained through delta-hedging derivatives positions against the protocol's collateral, combined with a minting and redemption arbitrage mechanism.
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The "Internet Bond" is designed to generate returns from staked Ethereum and the funding and basis spreads from perpetual and futures markets. This aims to create an onchain, crypto-native bond that can function as a dollar-denominated savings tool for users in eligible regions.