What blockchain networks support USDe?

USDe is supported on the following networks: Ethereum, Solana, Avalanche C-Chain (last updated 12/6/2025).

What is the total asset value of USDe?

The total asset value of USDe is $6,797,519,759.10 (last updated 12/6/2025).

What is the 30-day transfer volume of USDe?

The 30-day transfer volume of USDe is $23,033,301,460.70 (last updated 12/6/2025).

How many monthly active addresses trade USDe?

There are 14,665 monthly active addresses for USDe (last updated 12/6/2025).

How many wallets hold USDe?

There are 48,491 wallets holding USDe (last updated 12/6/2025).

What tokenization platforms support USDe?

USDe is supported on the following tokenization platforms: Ethena, LayerZero Avalanche Bridge (last updated 12/6/2025).

$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

$6,793,259,308

▼23.82%from 30d ago

Price

$1.00

▼0.19%from 30d ago

Holders

48,491

▲+3.01%from 30d ago

Monthly Transfer Volume

$23,033,301,461

▼50.70%from 30d ago

Monthly Active Addresses

14,665

▼28.80%from 30d ago

Stablecoin Metrics

Market Caps shows the scale and power law distribution between all stablecoin issuers.

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Market Cap by Network

Key Facts

Name

Ethena USDe

Ticker

USDe

CUSIP

—

ISIN

—

Platform

Ethena

Asset Type

Distributed

Manager

—

Asset Class

Stablecoins

Underlying Assets

Derivatives - Short ETH PerpsCryptocurrencies - ETH

Eligible Investors

—

Inception Date

09/01/2024

Use Of Income

Accumulates

Management Fees

Performance Fees

Market Data

Total Value

$6,797,519,759

▼

NAV

$1.00

△

Price

$0.9994

▼

Token Supply

6,797,519,759.10

▼

Circulating Supply

6,797,519,759.10

▼

7D APY

—

30D APY

—

Holders

48,491

▲

Trailing 30D Active Addresses

14,665

▼

Monthly Transfer Count

193,836

▼

Monthly Transfer Volume

$23,033,301,461

▼

Tokens

Network	Token Standard	Token Supply	Circulating Supply Login to Unlock	Bridged Supply Login to Unlock	Holders Login to Unlock	Trailing 30D Active Addresses Login to Unlock	Monthly Transfer Volume Login to Unlock	Monthly Transfer Count Login to Unlock	Contract Address Login to Unlock
Ethereum	ERC-20	6,795,561,462.55 ▼	6,795,561,462.55 ▼	6,795,561,462.55 ▼	37,875 ▲	12,799 ▼	$23,028,831,120 ▼	176,037 ▼	0x4c9...1e68b3
Solana	SPL	1,880,702.53 ▼	1,880,702.53 ▼	1,880,702.53 ▼	10,376 ▼	1,736 ▼	$1,032,680 ▼	16,810 ▼	DEkqH...wjEonT
Avalanche C-Chain	ERC-20	77,594.02 ▼	77,594.02 ▼	77,594.02 ▼	240 △	130 ▼	$3,437,661 ▼	989 ▼	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 Login to Unlock	Document Login to Unlock
S&P Global Ratings	5 - Weak	View on spglobal.com

Service Providers

Platform

Ethena

Manager

—

Sub-Advisor

—

Custodian

Legal Identifier

—

Crypto Custodian

—

Fund Administrator

—

Traditional Broker

—

Crypto Broker

—

Auditor

—

Transfer Agent

—

Paying Agent

—

Legal & Regulatory

Issuer

Ethena

Issuer LEI

—

Issuer CIK

—

Domicile

N/A

License or 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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