Ethena USDe
USDeCrypto-backed USD-pegged Rank #5
Price
$0.999812
-0.02% off peg
Market Cap
$4.26B
Market Cap
$4.26B
Dominance
1.36%
of market
Price
$0.999812
% Off Peg
-0.02%
24h Supply
+0.89%
7d Supply
+5.23%
30d Supply
+10.38%
Networks
31
chains
Circulating Supply
Total USDe across all chains
$14.82B
$3.76B
Sep 3, 2025
Sep 3, 2026
Chain Distribution
Current supply by network
Ethereum
$2.35B 55.2%
Solana
$536.25M 12.6%
Base
$346.90M 8.1%
Robinhood Chain
$320.32M 7.5%
Plasma
$236.40M 5.6%
TON
$154.69M 3.6%
BSC
$123.40M 2.9%
Monad
$97.20M 2.3%
Mantle
$58.99M 1.4%
Hyperliquid L1
$12.07M 0.3%
Others (20)
$20.81M 0.5%
About Ethena USDe
Ethereum enabled crypto-native synthetic dollar which provides an embedded yield to users and achieves price stability through delta-neutral hedging across centralized and decentralized venues
Mint & redeem
Ethena enables users to deposit either USD, Ethereum or liquid staking tokens as collateral to create USDe. Stability is ensured through delta-neutral hedging process across centralized and decentralized exchanges.
Links & references
Official website View on DefiLlama View on CoinGecko Twitter / X DefiLlama wiki Audit / transparency
Contract 0x4c9E…68B3
