$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.
$4,294,370,906
▲+4.12%from 30d ago
$1.00
▼0.03%from 30d ago
65,366
▲+23.76%from 30d ago
$8.54B
▼26.53%from 30d ago
14,847
▲+34.87%from 30d ago
Stablecoins Metrics
Metric
Show % of Total
Market Cap by Network
as of 08/15/2026
Key Facts
Name
Ethena USDe
Ticker
USDe
CUSIP
—
ISIN
—
Platform
Tokenization Type
Type
—
Manager
—
Asset Class
Underlying Assets
Cryptocurrencies - ETH
Eligible Investors
Inception Date
09/01/2024
Use Of Income
Accumulates
Management Fees
0%
Performance Fees
0%
Market Data
Total Value
$4,296,259,073
▲
NAV
$1.00
△
Price
$0.9996
▼
Token Supply
4,830,310,030.15
▲
Circulating Supply
4,830,310,030.15
▲
7D APY
—
30D APY
—
Holders
65,366
▲
Trailing 30D Active Addresses
14,847
▲
Monthly Transfer Count
651,811
▲
Monthly Transfer Volume
$8,544,739,684
▼
Tokens
Primary Market
Eligible Investors
—
Base Assets
USD
Subscription Time
—
Min. Investment
—
Subscription Fees
0%
Subscription Description
—
Redemption Time
—
Minimum Redemption Amount
—
Redemption Fees
0%
Redemption Description
—
KYC Description
—
Assessments & Ratings
Service Providers
Platform
Manager
—
Sub-Advisor
—
Custodian
Legal Identifier
Anchorage Digital Bank N.A.
549300JJSDEHXA1AKJ69Crypto 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
0%
Performance Fees
0%
Other Fees
—
Redemption Fees
0%
Subscription Fees
0%
Holders
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