Ethena USDe

usde Rank #26 ASSET

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Market Data

Ethena USDe Price

Ethena USDe 24h Change

+0.03%

Ethena USDe 7d Change

+0.00%

Ethena USDe Market Cap

$4.51B

Ethena USDe 24h Volume

$102.11M

Ethena USDe FDV

$4.51B

Ethena USDe Circulating Supply

4,511,861,295

Ethena USDe All-Time High

$1.03

Ethena USDe Total Funding Raised

$160.50M

About Ethena USDe

USDe is a crypto-native, delta-hedged synthetic dollar protocol developed by Ethena Labs. It is designed to provide a scalable, stable financial solution that operates independently of traditional banking infrastructure. USDe maintains its peg through a delta-neutral strategy, utilizing staked Ethereum and Bitcoin as collateral while balancing them with offsetting short perpetual and futures positions in derivatives markets. Known as the 'Internet Bond', USDe combines staking rewards from its underlying assets with yield derived from funding and basis spreads in derivative markets to offer a globally accessible, dollar-denominated savings instrument.