The live Ethena USDe (USDe) price is 0.999806, with a 24 hours Blynex trading volume of 143.13 M. The price of Ethena USDe changed by 0.01% in the past 24 hours. With a circulating supply of 5.26 B USDe and a maximum supply of 5.26 B USDe coins. Ethena USDe currently ranks #25 in market cap. You have the option to purchase Ethena USDe (USDe) on the Blynex exchange.
Date of Issue: 01.01.2024
Ethena USDe (USDe) is a synthetic dollar stablecoin built on Ethereum....
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24H Value
143.13 M
Market Cap(USD)
5.26 B
Circulating
5.26 B
Total Supply
5.26 B
(USDe) Ethena USDe Live Price Data
About Ethena USDe (USDe)
Ethena USDe (USDe) is a synthetic dollar stablecoin built on Ethereum. Buying USDe on Blynex Exchange is easy: create an account, verify your identity, deposit funds, and start trading. Check out our guide on How to Buy Ethena USDe (USDe).
What is Ethena USDe (USDe)?
Ethena USDe is a synthetic dollar stablecoin built on Ethereum, designed to function as a crypto-native alternative to traditional money. Unlike fiat-backed stablecoins, USDe operates without reliance on banking infrastructure, offering a censorship-resistant and scalable financial instrument. By leveraging delta-hedging strategies on staked Ethereum collateral, USDe ensures long-term stability and transparency, with all backing verifiable on-chain.
How USDe Maintains Its Stability
USDe maintains its peg through a combination of delta-hedging derivatives and an arbitrage-based mint and redeem mechanism. These strategies protect against market volatility while ensuring that the stablecoin remains fully backed at all times. Since USDe is entirely on-chain, users can track collateral holdings in real-time, reinforcing trust and transparency within the decentralized finance (DeFi) ecosystem.
Introducing the ‘Internet Bond’
Ethena extends its capabilities beyond stablecoin issuance with the ‘Internet Bond’—the first on-chain, dollar-denominated savings instrument. This bond derives yield from staked Ethereum while capturing additional returns from perpetual and futures markets. By blending these revenue streams, Ethena provides users in permitted jurisdictions with a crypto-native savings solution, independent of traditional financial intermediaries.
USDe’s Role in DeFi and CeFi
As a fully composable stablecoin, USDe integrates seamlessly across DeFi and centralized finance (CeFi) platforms. Whether for trading, lending, or liquidity provision, its design ensures widespread utility. The protocol’s innovative approach to collateral management allows for efficient capital allocation, making it a valuable asset for investors and institutions alike.
Ethena’s Vision for a Decentralized Financial Future
Supported by industry leaders, including BlackRock’s BUIDL fund, Ethena is pioneering a new era of decentralized finance. By offering an alternative to traditional banking-dependent stablecoins, it empowers users with a stable, yield-generating financial instrument. As adoption grows, USDe and the Internet Bond could redefine how digital assets interact with the global financial landscape.USDe to local currency
- USDe to USD0.0000000000
- USDe to EUR0.0000000000
- USDe to AUD0.0000000000
- USDe to KRW0.0000000000
- USDe to JPY0.0000000000
- USDe to GBP0.0000000000
- USDe to INR0.0000000000
- USDe to CAD0.0000000000
- USDe to AED0.0000000000
- USDe to RUB0.0000000000
USDe to crypto currency
- USDe to BTC0.0000000000
- USDe to ETH0.0000000000
- USDe to USDT0.0000000000
- USDe to BNB0.0000000000
- USDe to SOL0.0000000000
- USDe to XRP0.0000000000
- USDe to ADA0.0000000000
- USDe to TRX0.0000000000
- USDe to LTC0.0000000000
- USDe to TON0.0000000000
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