English
Russian
Ethena USDe (USDE) price
#27About the project
USDe is Ethena's synthetic dollar, launched in 2024. Unlike classic stablecoins, it is not backed by cash in a bank but by crypto assets hedged with short perpetual futures on exchanges.
Holders of staked sUSDe earn yield from futures funding rates and ether staking rewards. That makes USDe yield-bearing but riskier than cash-backed stablecoins: returns drop when funding turns negative.
Ethena USDe overview: dollar peg and volume
Ethena USDe (USDE) is a US dollar stablecoin. It trades at $0.9996, a -0.04% deviation from $1: the peg is holding.
Market cap is $4.91B, ranked #27. Daily trading volume is $31.2M (0.6% of market cap). 4,907,956,403 USDE are in circulation; supply grows as money flows in and shrinks on redemptions.
This summary updates with live market data.
Investors & rounds
≈ $20M raised
| Round | Date | Raised | Valuation | ROI |
|---|---|---|---|---|
| Funding Round | 26.02.2025 | $20M | — | — |
USDE news
All →Frequently asked questions
How much is 1 USDE in US dollars?
1 Ethena USDe is worth about $0.999597, -0.02% over 24 hours. The price updates every few minutes from exchange data.
How much is 1 USDE in euros?
About €0.888532, converted from the dollar price at the current exchange rate.
What is the market cap of Ethena USDe?
$4.91B, ranked #27 among cryptocurrencies.
How many USDE coins are there?
4.91B USDE in circulation.
What is the all-time high of Ethena USDe?
$1.03, the highest price in its trading history.