Ethena USDe: A Fully Collateralized, Delta-Neutral Stablecoin for DeFi
Introducing Ethena USDe
Ethena USDe is built for stability and yield. It runs on Ethereum, hedging collateral with short futures to hold $1. Designed as a bank-free digital dollar, Ethena USDe brings decentralized finance (DeFi) utility to the broader crypto market. Users benefit from staking and a steady peg. Ethena USDe is accepted on various trading platforms and is quickly expanding across DeFi. This token offers an alternative for storing value, trading, and earning passive interest. Ethena USDe stands out as a transparent, fully collateralized stablecoin.
Utility & Use Cases USDE
Staking Crypto
Ethena USDe holders can stake tokens to earn yield. This supports stable growth and offers a steady profit.
AMM Integration
USDe pairs with other stablecoins on decentralized exchanges. Traders swap tokens seamlessly on automated market makers.
Liquidity Provision
Users can provide USDe to liquidity pools and earn farming rewards. This boosts volume on DeFi protocols.
Reward Incentives
Ethena USDe users can receive airdrop benefits or earn additional tokens for participating in governance or yield programs.
Ethena USDe Technologies Overview
Low Fees
On-chain transactions leverage Ethereum, while off-exchange hedging keeps direct user costs manageable.
Fast Transactions
Built on Ethereum, USDe confirms transfers quickly, enabling reliable settlements on DeFi apps.
Asset Backing
Backed by crypto collateral and short futures, USDe holds real support without relying on traditional banks.
Cross-Chain Compatibility
Bridges and integrations allow Ethena USDe to move across multiple platforms, broadening its DeFi reach.
High Scalability
The protocol leverages deep liquidity on derivatives exchanges to expand supply as user demand grows.
Security Audits
Ethena USDe has undergone multiple independent code reviews to ensure smart contract safety and protocol integrity.
Funding
Ethena Labs raised over $120M through seed rounds and a private token sale. Early backers included Franklin Templeton, F-Prime, and major crypto VCs. The team also conducted an airdrop of ENA governance tokens to bolster user adoption and expand Ethena USDe’s ecosystem.
Roadmap
Ethena Network Launch
Ethena plans to build its own blockchain, aiming for faster transactions and deeper native integration for Ethena USDe.
Broader Exchange Support
The team seeks listings on more centralized platforms to increase USDe’s trading pairs and global liquidity.
Enhanced Collateral Options
Upcoming releases may introduce additional staking assets or real-world asset backing to diversify stability.
Ethena USDe Security & Audit Reports
Ethena USDe underwent audits from firms like Zellic, Quantstamp, and others. No major vulnerabilities were found. The token’s hedged collateral model is actively monitored. Ongoing checks aim to keep funds safe and maintain a stable peg for all holders.
You can store it in any ERC-20 compatible wallet. Ensure you control your private keys for security.
Top Crypto Exchanges to Trade Ethena USDe (USDE)
#
Exchange
Pair
Price
24h Volume
1
Bybit
USDE/USDT
~$1
$17,031,905
2
Bybit
USDE/USDC
~$1
$17,892,433
3
Uniswap V3 (Ethereum)
0X4C9EDD58.../0XDAC17F95...
~$1
$62,778,406
4
Curve (Ethereum)
0X4C9EDD58.../0XA0B86991...
~$1
$21,726,231
5
Bitget
ETH/USDE
~$3,273.37
$1,688,157
6
Bitget
SOL/USDE
~$238.89
$1,127,946
7
Curve (Ethereum)
0X4C9EDD58.../0XF939E0A0...
~$1
$3,090,372
8
Orca
DEKQHYPN7G.../2B1KV6DKPA...
~$1
$850,957
9
BitMart
USDE/USDT
~$1
$265,325
10
Curve (Ethereum)
0X4C9EDD58.../0X6B175474...
~$1
$307,455
11
Bitget
USDE/USDT
~$1
$2,359,824
12
Gate.io
USDE/USDT
~$1
$171,828
13
Bybit
BTC/USDE
~$102,750
$4,340,843
14
Bybit
ETH/USDE
~$3,263.33
$1,891,125
15
Bitunix
USDE/USDT
~$1
$202,561
16
Bitget
BTC/USDE
~$102,806.09
$1,697,468
17
Curve (Ethereum)
0X4C9EDD58.../0X853D955A...
~$1.0018
$7,955,703
18
Bybit
SOL/USDE
~$237.36
$777,033
19
KuCoin
USDE/USDT
~$1
$19,326.61
20
Curve (Ethereum)
0X4C9EDD58.../0XC5F0F7B6...
~$1
$1,155,538
21
Curve (Ethereum)
0X40D16FC0.../0X4C9EDD58...
~$1.00075
$111,081
22
Uniswap V3 (Ethereum)
0X4C9EDD58.../0XA0B86991...
~$1.00023
$13,476.8
23
Curve (Ethereum)
0X4591DBFF.../0X4C9EDD58...
~$1.0011
$6,504.29
24
PancakeSwap V3 (Ethereum)
0X4C9EDD58.../0XDAC17F95...
~$1
$1,907.86
25
Orca
DEKQHYPN7G.../EPJFWDD5AU...
~$1.0026
$105,003
26
Helix
USDE/USDT
~$0.98
$409.97
27
Curve (Ethereum)
0X4C9EDD58.../0XC139190F...
~$1
$15,706.52
28
NovaDAX
USDE/BRL
~$6.11
$82.55
29
Matcha (Ethereum)
0X4C9EDD58.../0XDAC17F95...
~$1.0005
$79,283
30
Matcha (Ethereum)
0X4C9EDD58.../0XA0B86991...
~$1.006
$20,527
Ethena USDe
USDE
Price
#87
$1.001
-0.019%
Market Cap
Market capitalization of Ethena USDe (USDE) represents the total value of all circulating tokens. It is calculated by multiplying the current price of one token by the total number of tokens in circulation
$5,597,948,270
Fully Diluted Variation
Fully diluted valuation of Ethena USDe (USDE) represents the theoretical market cap if all tokens that will ever exist were in circulation. It provides insight into the long-term value projection assuming the maximum supply is reached
$5,597,948,270
24 Hour Trading Vol
24-hour trading volume shows the total amount of Ethena USDe (USDE) traded across all exchanges over the past day. Higher volumes generally indicate more market liquidity and interest in the token
$98,672,503
Circulating Supply
Circulating supply shows the number of Ethena USDe (USDE) tokens currently available and circulating in the market. This excludes locked, reserved, or unissued tokens that cannot be sold or traded
5,594,064,109.12
Total Supply
Total supply represents all Ethena USDe (USDE) tokens that currently exist, including both circulating tokens and those locked in various protocols or treasuries. It excludes tokens that will be created in the future
