What blockchain networks support USDe?

USDe is supported on the following networks: Ethereum, Solana, Avalanche C-Chain (last updated 5/20/2026).

What is the total asset value of USDe?

The total asset value of USDe is $4,926,184,283.30 (last updated 5/20/2026).

What is the 30-day transfer volume of USDe?

The 30-day transfer volume of USDe is $29,480,996,254.61 (last updated 5/20/2026).

How many monthly active addresses trade USDe?

There are 17,538 monthly active addresses for USDe (last updated 5/20/2026).

How many wallets hold USDe?

There are 50,454 wallets holding USDe (last updated 5/20/2026).

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 5/20/2026).

$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

$4,350,377,816

▼16.76%from 30d ago

Price

$1.00

▼0.03%from 30d ago

Holders

50,454

▲+3.83%from 30d ago

Monthly Transfer Volume

$29.48B

▲+118.62%from 30d ago

Monthly Active Addresses

17,538

▲+14.24%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

$4,351,740,209

▲

NAV

$1.00

△

Price

$0.9997

▼

Token Supply

4,926,184,283.30

▼

Circulating Supply

4,926,184,283.30

▼

7D APY

—

30D APY

—

Holders

50,454

▲

Trailing 30D Active Addresses

17,538

▲

Monthly Transfer Count

346,139

▲

Monthly Transfer Volume

$29,480,996,255

▲

Tokens

Network	Type	Token Standard	Token Supply	Circulating Supply	Bridged Supply	Holders	Trailing 30D Active Addresses	Monthly Transfer Volume	Monthly Transfer Count	Contract Address
Ethereum	Native	ERC-20	4,351,740,209.22 ▼	4,351,740,209.22 ▼	3,777,296,135.14 ▼	39,558 ▲	8,464 ▼	$27,406,065,376 ▲	257,812 ▲	0x4c9...1e68b3
Solana	Native	SPL	574,257,364.01 ▲	574,257,364.01 ▲	574,257,364.01 ▲	10,530 ▲	8,858 ▲	$2,073,485,932 ▲	85,904 ▲	DEkqH...wjEonT
Avalanche C-Chain	Bridged	ERC-20	186,710.07 ▼	186,710.07 ▼	186,710.07 ▼	366 ▲	216 ▲	$1,444,947 ▼	2,423 ▲	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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