$0.9996+0.00% 24hThe Ethena USDe price in context
The USDE price in USD in the top bar runs live from the Binance exchange; the chart and market statistics (cap, volume, supply) come from the CoinGecko aggregator. Chart ranges span from the last 24 hours to the full trading history — the period change is measured from the first point of the selected range.
The complete ranking lives on the crypto prices page.
About Ethena USDe
USDe from the Ethena protocol is a so-called synthetic dollar: it maintains its dollar peg not with bank reserves but with a delta-neutral strategy — the protocol holds crypto collateral while simultaneously opening short positions in perpetual futures against it. The funding yield is paid out to holders of the staked version (sUSDe).
The model offers a higher yield than classic stablecoins but also carries specific risks (negative funding, exchange counterparties). USDe ranks among the fastest-growing dollar assets in DeFi.