Ethena USDe Price

USDE

#20

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$ 1.000

-0.02%

#20

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Price

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Percentual Performance

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Gains & Losses

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Ranking History

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Market Cap

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Dominance

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Trading Volume

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Supply Verified

USDE in Circulation ?

100%

Low Risk

Monthly Inflation ?

+0.73%

High Inflation

Yearly Inflation ?

-64.99%

High Deflation

Circulating Supply ?	4.07 billion USDE
Reserved supply ? 0 USDE Burned 0x0000000000000000000000000000000000000001 0 USDE
Total supply ?	4.07 billion USDE
Max supply ?	-- USDE

Updated 3h ago

Circulating Supply

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Total Supply

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Exchange Listings

Exchanges	USDE price	24h trading volume	Fee Discount	Fee Discount

Uniswap v4 (Ethereum)	$ 1.00	$ 9.91 million	0%	Swap
Bybit	$ 1.00	$ 9.74 million	10%	Trade
Orca Whirlpool	$ 1.000	$ 5.55 million	0%	Swap
Bitrue	$ 1.00	$ 1.82 million	0%	Trade
MEXC Global	$ 1.00	$ 1.78 million	20%	Trade
All Exchanges

Spot Markets

Exchanges	USDE price	Volume	Fee Discount

USDE / USDT Bybit	$ 1.00	$ 7.05 million	10%	Trade
USDE / USDC Uniswap v4 (Ethereum)	$ 1.00	$ 6.40 million	0%	Swap
USDG / USDE Orca Whirlpool	$ 1.00	$ 4.41 million	0%	Swap
USDE / USDT Uniswap v4 (Ethereum)	$ 1.00	$ 3.46 million	0%	Swap
USDE / USDC Uniswap v3 (Ethereum)	$ 1.00	$ 1.58 million	0%	Swap
All Markets

Futures Markets

#	Markets	Close Price	Open Interest	Funding Rate

1	USDE / USDT Bybit	$ 0.999	$ 954,609.31	0.010%
All Futures Markets

Historical Data

Minutes Hours Days Weeks Months Years

Date	Close	Change	Market Cap	Trading Volume

Today	$ 1	+0.00%	$ 4.07 billion	$ 38.52 million
Yesterday	$ 1	-0.01%	$ 4.07 billion	$ 37.91 million
Aug 19, 2026	$ 1	-0.02%	$ 4.08 billion	$ 53.06 million
Aug 18, 2026	$ 1	-0.02%	$ 4.04 billion	$ 25.97 million
Aug 17, 2026	$ 1	+0.06%	$ 3.97 billion	$ 15.65 million
All historical data

Additional Stats

All-time high ?	$ 1.02 (Oct 3, 2024)
Volume / Market Cap ?	0.00945
FDV ?	$ 4.07 billion
Price in BTC	0.0000134 BTC
Listing date ?	3 years ago (Apr 3, 2024)
UUID ?	exbfr2U-0

What Is Ethena USDe?

Ethena USDe is a synthetic dollar stablecoin backed by crypto assets and delta-neutral hedging strategies. Read more

Explorer

Wallet

Stats

Rank ?

#20

Market Cap ?

$ 4.07B -0.17%

Trading Volume ?

$ 38.52M -29.03%

Circulating Supply ?

4.07B USDE

All Time High ?

$ 1.02 -2.09%

Exchange Listings ?

Favorites ?

More Stats

Contract addresses

Ethereum

0x4c9EDD5852cd905f086C759E8383e09bff1E68B3

BNB Smart Chain

0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34

Arbitrum

0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34

Frequently Asked Questions

What is Ethena USDe?: Ethena USDe is a synthetic dollar stablecoin pegged 1:1 to the U.S. dollar. It is backed by crypto assets and maintains its peg through a delta-neutral derivatives strategy rather than bank reserves.
How does USDe maintain its dollar peg?: USDe pairs long positions in liquid staking tokens like stETH with equal short positions in ETH perpetual futures. This delta-neutral structure offsets price movements in either direction, keeping the token stable at approximately $1.
How can I earn yield with USDe?: You can stake your USDe to receive sUSDe, a yield-bearing version of the token. sUSDe appreciates over time as it accrues rewards from Ethereum staking returns and perpetual futures funding rates.
Who founded Ethena and when was it launched?: Ethena Labs was founded by Guy Young and announced in 2023. USDe launched publicly in early 2024 and reached one billion tokens in under a month.
What is the ENA token and what is it used for?: ENA is Ethena's governance token, launched in April 2024. ENA holders can vote on protocol decisions, including risk management, collateral composition, and the election of Risk Committee members.

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