What blockchain networks support USDe?

USDe is supported on the following networks: Ethereum, Solana, Avalanche C-Chain (last updated 5/25/2026).

What is the total asset value of USDe?

The total asset value of USDe is $5,025,643,415.82 (last updated 5/25/2026).

What is the 30-day transfer volume of USDe?

The 30-day transfer volume of USDe is $16,993,054,989.13 (last updated 5/25/2026).

How many monthly active addresses trade USDe?

There are 17,250 monthly active addresses for USDe (last updated 5/25/2026).

How many wallets hold USDe?

There are 50,430 wallets holding USDe (last updated 5/25/2026).

Who is the issuer of USDe?

Ethena (BVI) Limited is the issuer of USDe.

What tokenization platforms support USDe?

USDe is supported on the following tokenization platforms: Ethena, LayerZero Avalanche Bridge (last updated 5/25/2026).

$USDe

Ethena

Ethena USDe

USDe is a synthetic dollar stablecoin that maintains its peg through delta-neutral hedging strategies using derivatives. The unstaked version is designed to hold its $1 value without generating returns, while staked USDe (sUSDe) earns yield from staking rewards and funding rates.

Stablecoins

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Learn more about this asset directly from the issuer's website.

Market Cap

$4,448,486,283

▲+16.37%from 30d ago

Price

$1.00

▼0.02%from 30d ago

Holders

50,430

▲+3.14%from 30d ago

Monthly Transfer Volume

$16.99B

▼25.58%from 30d ago

Monthly Active Addresses

17,250

▲+1.43%from 30d ago

Stablecoins Metrics

Metric

Show % of Total

Market Cap by Network

Key Facts

Name

Ethena USDe

Ticker

USDe

CUSIP

—

ISIN

—

Platform

Ethena

Tokenization Type

Distributed

Manager

—

Asset Class

Stablecoins

Underlying Assets

Cryptocurrencies - ETH

Eligible Investors

Inception Date

09/01/2024

Use Of Income

Accumulates

Management Fees

Performance Fees

Market Data

Total Value

$4,451,963,573

▲

NAV

$1.00

△

Price

$0.9992

▼

Token Supply

5,025,643,415.82

▲

Circulating Supply

5,025,643,415.82

▲

7D APY

—

30D APY

—

Holders

50,430

▲

Trailing 30D Active Addresses

17,250

▲

Monthly Transfer Count

333,922

▲

Monthly Transfer Volume

$16,993,054,989

▼

Tokens

Network	Type	Tokenization Type	Token Standard	Token Supply	Circulating Supply	Bridged Supply	Holders	Trailing 30D Active Addresses	Monthly Transfer Volume	Monthly Transfer Count	Contract Address
Ethereum	Native	Distributed	ERC-20	4,451,963,573.09 ▲	4,451,963,573.09 ▲	3,878,283,730.37 ▲	39,556 ▲	7,415 ▼	$14,793,998,037 ▼	211,084 ▼	0x4c9...1e68b3
Solana	Native	Distributed	SPL	573,491,631.55 ▲	573,491,631.55 ▲	573,491,631.55 ▲	10,494 ▲	9,631 ▲	$2,197,617,721 ▲	120,422 ▲	DEkqH...wjEonT
Avalanche C-Chain	Bridged	Distributed	ERC-20	188,211.18 ▼	188,211.18 ▼	188,211.18 ▼	380 ▲	204 ▲	$1,439,231 ▼	2,416 ▲	0x5d3...52ef34

Primary Market

Eligible Investors

—

Base Assets

USD

Subscription Time

—

Min. Investment

—

Subscription Fees

Redemption Time

—

Minimum Redemption Amount

—

Redemption Fees

Assessments & Ratings

Provider	Rating	Document
S&P Global Ratings	5 - Weak	View on spglobal.com

Service Providers

Platform

Ethena

Manager

—

Sub-Advisor

—

Custodian

Legal Identifier

Anchorage Digital Bank N.A.

549300JJSDEHXA1AKJ69

Crypto Custodian

—

Fund Administrator

—

Traditional Broker

—

Crypto Broker

—

Auditor

—

Transfer Agent

—

Paying Agent

—

Legal & Regulatory

Issuer

Ethena

Issuer LEI

—

Issuer CIK

—

Domicile

British Virgin Islands

Regulatory Framework

Non-Regulated

Dispute Resolution Country

—

Account Segregation

Bankruptcy Remote

Deposit Insurance

Terms

—

Fees

Management Fees

Performance Fees

Other Fees

—

Redemption Fees

Subscription Fees

Holders

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Ethena USDe

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