Price change (24h):
0.01%
High (24h):
$0.998822
Low (24h):
$0.998351
Volume (24h):
$41.48M
Market Cap:
$4.41B
All Time High:
3.42% $1.03
Dec 9, 2025
All Time Low:
7% $0.93
Oct 4, 2024
Ethena USDe
USDE0.16 %(1Y)
$0.998686
About Ethena USDe
Ethena USDe (USDe) is a cryptocurrency designed as a stablecoin, functioning as a delta-hedged synthetic dollar within the Ethereum ecosystem.
The protocol engineers a synthetic dollar that derives its stability from derivative hedging rather than fiat reserves, solving for a fully on-chain yield-bearing stable asset. It trades on 304 active markets across 68 exchanges, with 158 distinct trading pairs facilitating deep, global liquidity. Short sellers and stakers both contribute to the token’s return stream, decoupling collateral dependency from centralized banking rails.
Ethena USDe operates on the Ethereum network and has been bridged to numerous secondary ecosystems including Base, Arbitrum, Solana, and BNB Chain. The token’s multi-chain footprint broadens its utility across DeFi lending markets, perpetual exchanges, and decentralized exchange pools.
The asset adheres to the ERC-20 token standard on Ethereum, while equivalent fungible implementations exist on Solana, BNB Chain, and Avalanche. Ethena’s smart contracts handle the minting and redemption of USDe, ensuring a delta-neutral position through automated hedging on centralized and decentralized exchanges. The protocol’s open-source codebase, hosted on GitHub, had zero public stars at the time of documentation, indicating a tightly controlled release cycle.
Ethena Labs introduced the protocol, drawing backing from venture portfolios such as DragonFly Capital and YZi Labs. The delta-hedged model gained traction through its differentiated yield mechanics, attracting liquidity across multiple DeFi platforms. No public founder identities have been disclosed by the development entity.
The protocol’s overarching goal is to furnish a decentralized, censorship-resistant stablecoin that generates native crypto yield entirely from staking and perpetual swap funding rates, severing ties with fiat-collateralized models. This approach aims to mitigate single-point failure risks associated with banking custodians.
USDe functions as the primary output of the hedging mechanism; users mint USDe by depositing collateral assets, which the protocol delta-hedges via short perpetual futures positions. The token then accrues yield automatically through a combination of staking rewards and funding rate payments, distributed to holders through a staking module. Stakers can lock USDe to capture yield, while the token itself serves as the settlement unit for the delta-hedged position.
Liquidity providers deposit USDe into automated market makers across supported networks to earn swap fees. Arbitrageurs execute mint-redemption cycles whenever the token’s market price deviates from its dollar peg, capturing the spread while reinforcing stability. Yield-seeking participants lock USDe in the protocol’s staking module to receive protocol emissions derived from the delta-hedged strategy. The token’s presence on 158 trading pairs enables cross-exchange arbitrage at high frequency.
Ethena USDe has a total supply of 3,838,919,475.84 tokens. Currently, 3,838,919,475.84 are in circulation. With a market capitalization of $3,836,350,873.00, Ethena USDe ranks #28 among all cryptocurrencies.
Ethena USDe Historical Price Data
| Date | Open | Close | High | Low |
|---|---|---|---|---|
| 07/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 06/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 05/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 04/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 03/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 02/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
| 01/07/2026 | $1.00 | $1.00 | $1.00 | $1.00 |
Why is manual trading Ethena USDe a bad idea?
Manual usde trading
- Miss perfect entry/exit
- Emotional decisions
- Huge time to monitor
Stoic AI
-
AI trades 24/7 automatically Catch every opportunity
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Zero-emotion algorithm Disciplined strategy
-
Passive income Set & forget automation
20,000+
traders trusted Stoic AI
$200M+
in cumulative assets under management since inception
2015
year of company foundation
FAQ
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Ethena USDe (USDE) is a cryptocurrency that can be bought, sold, and traded on major exchanges. Its price changes in real time based on supply, demand, and broader market conditions. You can track the live USDE price, market cap, and 24-hour trading volume at the top of this page.
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The current price of Ethena USDe (USDE) is $0.998686. Over the last 24 hours, it has moved -0.01%. Crypto prices update continuously, so short-term changes can happen quickly.
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You can buy Ethena USDe on major exchanges like Binance, Coinbase, or KuCoin. However, simply buying and holding can be risky due to market volatility.
The smartest way to manage your USDE investment is to connect your exchange account to Stoic AI. This allows you to keep funds on your preferred exchange while our institutional-grade algorithm automates the trading strategy for you, aiming to outperform manual trading. -
Stablecoins (like USDE) are designed to maintain a stable value, usually pegged to a fiat currency like the US dollar. While their price typically stays close to the peg, they can occasionally depeg due to market stress, liquidity issues, or concerns about reserve backing.
Many traders use stablecoins as a safe haven during crypto market volatility or as a convenient way to move funds between exchanges. -
We can’t provide investment advice. Whether Ethena USDe is a good investment depends on your risk tolerance, time horizon, and strategy. Crypto markets are highly volatile and past performance doesn't guarantee future results. Many investors reduce risk by diversifying across multiple assets and using automated strategies that remove emotional decision-making. Always do your own research before investing.
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Common approaches include buy & hold, discretionary trading based on technical analysis, or automated strategies. Manual trading can be difficult due to fees, timing, and emotional decisions. Stoic AI offers an out-of-the-box automated approach: connect your exchange via trade-only API permissions, choose a strategy, and the system manages portfolio rebalancing 24/7.
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Stoic AI uses hedge fund-grade quantitative strategies developed by Cindicator, a fintech company with 9+ years of experience and $230M+ in assets under management. The algorithm analyzes price data, volatility, and correlations to build and rebalance a diversified portfolio. USDE can be included based on real-time market conditions. Over 18,000 customers already use Stoic AI to automate their crypto portfolios.
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With Stoic AI, your funds stay on your exchange (Binance, Coinbase, KuCoin, etc.) at all times. Stoic connects via read-and-trade-only API keys - it cannot withdraw your funds. The platform uses institutional-grade risk management and has been live-tested through multiple market cycles since 2020, including the 2022 crypto winter. You maintain full control and can disconnect at any time.
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You can start with as little as $500. There are no lock-ups and no hidden fees. You can try it now and withdraw your funds at any time. Create a Stoic account, connect your exchange using an API key with trading‑only permissions, choose a strategy, and start automated trading. You can stop anytime by revoking the API key on your exchange. Since the funds stay in your exchange wallet, you remain in control of deposits and withdrawals.
