Disclaimer: This page may contain affiliate links. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms. Please refer to Affiliate Disclosure
Ethena USDe news
About Ethena USDe
Ethena is a synthetic dollar protocol built on Ethereum that will provide a crypto-native solution for money not reliant on traditional banking system infrastructure, alongside a globally accessible dollar denominated savings instrument - the 'Internet Bond'.
Ethena's synthetic dollar, USDe, will provide the first censorship resistant, scalable and stable crypto-native solution for money achieved by delta-hedging staked Ethereum collateral. USDe will be fully backed transparently onchain and free to compose throughout DeFi.
USDe peg stability is ensured through the use of delta hedging derivatives positions against protocol-held collateral alongside a mint and redeem arbitrage mechanism.
The 'Internet Bond' will combine yield derived from staked Ethereum as well as the funding & basis spread from perpetual and futures' markets, to create the first onchain crypto-native 'bond' that can function as a dollar-denominated savings instrument for users in permitted jurisdictions.
The live Ethena USDe price today is $1.00 USD with a 24-hour trading volume of $71,297,456 USD. We update our USDe to USD price in real-time. Ethena USDe is down 0.02% in the last 24 hours. The current CoinMarketCap ranking is #209, with a live market cap of $2,313,319,720 USD. It has a circulating supply of 2,311,177,408 USDE coins and the max. supply is not available.
If you would like to know where to buy Ethena USDe at the current rate, the top cryptocurrency exchanges for trading in Ethena USDe stock are currently Zedcex Exchange, Bybit, Bitget, BitMart, and KuCoin. You can find others listed on our crypto exchanges page.