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Ethena USDe

USDE
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Ethena USDe (USDE)

What is Ethena USDe?

Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate

Key Facts & Snapshot

  • Symbol: USDE
  • CoinGecko id: ethena-usde
  • Market cap rank (CoinGecko): #20
  • Categories: Stablecoins, USD Stablecoin, BNB Chain Ecosystem, Solana Ecosystem, Avalanche Ecosystem, Arbitrum Ecosystem, Ethereum Ecosystem, Metis Ecosystem, Optimism Ecosystem, Aptos Ecosystem, ZkSync Ecosystem, Mantle Ecosystem, Linea Ecosystem, Base Ecosystem, TON Ecosystem, Manta Network Ecosystem, Scroll Ecosystem, Berachain Ecosystem, Kava Ecosystem, Blast Ecosystem, Mode Ecosystem, Fraxtal Ecosystem, X Layer Ecosystem, Hyperliquid Ecosystem, Fiat-backed Stablecoin, Zircuit Ecosystem, Morph L2 Ecosystem, Swellchain Ecosystem, HyperEVM Ecosystem, Synthetic Dollar, Plasma Ecosystem, Base Native
  • Circulating supply (snapshot): 5,829,360,377
  • Total supply (snapshot): 5,829,360,377
  • All-time high (USD, CoinGecko): $1.03 (Dec 9, 2025)
  • All-time low (USD, CoinGecko): $0.9295 (Oct 4, 2024)

Market (USD snapshot)

  • Market cap (USD, snapshot): $5.83B
  • 24h volume (USD, snapshot): $81.84M
  • Fully diluted valuation (USD, snapshot): $5.83B
  • 24h price change (snapshot): +0.02%

Contract addresses (by platform)

  • ethereum: 0x4c9edd5852cd905f086c759e8383e09bff1e68b3
  • plasma: 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34
  • zircuit: 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34
  • metis-andromeda: 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34
  • morph-l2: 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34
  • swellchain: 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34
  • kava: 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34
  • berachain: 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34
  • linea: 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34
  • scroll: 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34
  • x-layer: 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34
  • binance-smart-chain: 0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34
  • (+15 more contract(s) on CoinGecko — see asset page there for full list.)

Official & Community Links

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Frequently Asked Questions

What is Ethena USDe (USDE)?
Ethena USDe is a synthetic dollar stablecoin designed to maintain a value close to $1 USD. It is deployed across multiple blockchain ecosystems including Ethereum, Solana, Arbitrum, Base, and over 25 other networks, making it one of the most widely integrated stablecoins in the crypto market.
How does USDE maintain its dollar peg?
USDE uses a synthetic approach to maintain its peg, distinct from traditional fiat-backed stablecoins. The coin has traded within a narrow range between its all-time low of $0.9295 and all-time high of $1.03 since launch, showing relatively stable peg maintenance compared to algorithmic stablecoins.
What is the market cap of Ethena USDe?
Ethena USDe has a market cap of approximately $5.83 billion, making it the 20th largest cryptocurrency by market capitalization. Its circulating supply is 5.83 billion USDE tokens, which equals the total supply.
How risky is holding Ethena USDe compared to other stablecoins?
While USDE has maintained relatively stable value close to $1, it uses a synthetic mechanism rather than traditional fiat backing, which introduces different risk factors than USDC or USDT. The coin’s all-time low of $0.9295 shows it can depeg by over 7%, and as a synthetic stablecoin, it faces risks related to its collateral mechanisms and smart contract dependencies across the 30+ chains where it operates.
On which blockchains can I use Ethena USDe?
USDE is available on over 30 blockchain networks including major ecosystems like Ethereum, Solana, BNB Chain, Avalanche, Arbitrum, Optimism, Base, Polygon, zkSync, and many Layer-2 solutions. This multi-chain presence makes it highly accessible across the DeFi landscape.

Ethena USDe Sectors

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Ethena USDe is tracked in the following market sectors on Best Info Crypto. Each page shows live aggregate data for that category.

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