What blockchain networks support USDe?

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

What is the total asset value of USDe?

The total asset value of USDe is $3,912,918,249.64 (last updated 5/5/2026).

What is the 30-day transfer volume of USDe?

The 30-day transfer volume of USDe is $24,595,739,145.68 (last updated 5/5/2026).

How many monthly active addresses trade USDe?

There are 15,817 monthly active addresses for USDe (last updated 5/5/2026).

How many wallets hold USDe?

There are 49,209 wallets holding USDe (last updated 5/5/2026).

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 5/5/2026).

$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.

Distributed Asset

Stablecoins

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

Market Cap

$3,906,502,267

▼33.62%from 30d ago

Price

$1.00

▼0.03%from 30d ago

Holders

49,209

▲+3.25%from 30d ago

Monthly Transfer Volume

$24.60B

▲+232.78%from 30d ago

Monthly Active Addresses

15,817

▲+34.28%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

$3,909,449,911

▲

NAV

$1.00

△

Price

$0.9992

▼

Token Supply

3,912,918,249.64

▼

Circulating Supply

3,912,918,249.64

▼

7D APY

—

30D APY

—

Holders

49,209

▲

Trailing 30D Active Addresses

15,817

▲

Monthly Transfer Count

277,032

▲

Monthly Transfer Volume

$24,595,739,146

▲

Tokens

Network	Type	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	Native	ERC-20	3,909,449,911.19 ▼	3,909,449,911.19 ▼	3,905,981,572.74 ▼	39,283 ▲	8,790 ▼	$24,594,998,554 ▲	253,508 ▲	0x4c9...1e68b3
Solana	Native	SPL	3,280,665.62 ▼	3,280,665.62 ▼	3,280,665.62 ▼	9,596 ▲	6,877 ▲	$627,515 ▼	22,500 ▼	DEkqH...wjEonT
Avalanche C-Chain	Bridged	ERC-20	187,672.83 ▼	187,672.83 ▼	187,672.83 ▼	330 ▲	150 ▲	$113,077 ▼	1,024 ▲	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

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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