Ethena USDe (USDE) Price

Ethena USDe is a synthetic dollar stablecoin created by Ethena Labs. It represents the first censorship-resistant, scalable, and stable crypto-native solution for money, achieved by delta-hedging staked Ethereum collateral. Ethena USDe is fully backed and transparently maintained on-chain, offering free composability. Key features of Ethena USDe: - Launched on February 20, 2024 - Built on Ethereum as an ERC-20 token - Current price: $0.9993 - 24h trading volume: $2.89K - Market cap: $3.96B - Circulating supply: 3.96B USDE - Total supply: 5.82B USDE - Fully diluted valuation: $5.82B Ethena USDe aims to provide a stable, decentralized alternative to traditional stablecoins. It maintains its peg through a unique mechanism of delta-hedging staked ETH collateral. This approach allows Ethena USDe to offer stability while remaining resistant to censorship and scalable for widespread adoption. As of 2026-05-09, Ethena USDe ranks 33 among all cryptocurrencies by market capitalization. It has shown relatively stable performance, with a 24-hour price change of +0.01%.

Ethena USDe was created on February 20, 2024. It was launched as a synthetic dollar stablecoin on the Ethereum blockchain, representing the first censorship-resistant, scalable, and stable crypto-native solution for money. Ethena USDe aims to maintain a stable value of $1 by delta-hedging staked Ethereum collateral. Since its creation, Ethena USDe has gained significant traction in the crypto market, currently ranking 33 by market capitalization as of 2026-05-09. The total supply of Ethena USDe is 5.82B USDE, with a circulating supply of 3.96B USDE. The project behind Ethena USDe continues to develop and expand its ecosystem, focusing on providing a reliable and transparent stablecoin option for the decentralized finance (DeFi) space.

The founders of Ethena USDe are not publicly disclosed. Ethena USDe was launched by Ethena Labs, a company focused on developing decentralized finance solutions. The project aims to create a censorship-resistant and scalable stablecoin backed by staked Ethereum collateral. While the specific individuals behind Ethena Labs are not named, the team has expertise in DeFi, cryptography, and financial engineering. Ethena USDe was introduced on February 20, 2024 as an ERC-20 token on the Ethereum blockchain. The project has received backing from notable investors in the crypto space, including Binance Labs and DragonFly Capital. For the most up-to-date information on Ethena USDe's development and team, you can follow their official Twitter account @ethena_labs or join their Discord community.

Ethena USDe operates as a synthetic dollar stablecoin on the Ethereum blockchain. It maintains its peg to the US dollar through delta-hedging of staked Ethereum collateral. Key features include: 1. Fully backed and transparently maintained on-chain 2. Censorship-resistant and scalable 3. Free composability for DeFi applications 4. Launched on February 20, 2024 5. Available on multiple chains including Ethereum, BNB Chain, Optimism, and Arbitrum Ethena USDe aims to provide a stable, crypto-native solution for digital payments and DeFi applications. Its price is designed to closely track $1, with a current value of $0.9993. The total supply is 5.82B USDE USDE, with 3.96B USDE in circulation. Ethena USDe has gained adoption across various DeFi protocols and exchanges, with a 24-hour trading volume of $2.89K. As of 2026-05-09, Ethena USDe ranks 33 by market capitalization among all cryptocurrencies, with a market cap of $3.96B. The project is backed by notable investors and continues to expand its ecosystem partnerships to increase utility and adoption.

Ethena USDe utilizes a dual-layer architecture: 1. Smart Contract Layer: Built on Ethereum as an ERC-20 token, enabling seamless integration with DeFi protocols. 2. Collateral Management Layer: Employs a delta-hedging strategy using staked Ethereum as collateral to maintain stability. Key features: - Fully on-chain backed and transparently maintained - Censorship-resistant design - Scalable infrastructure to support growing demand - Free composability for DeFi applications The system leverages advanced algorithms to dynamically adjust collateral ratios and maintain the USDE peg to $1. This innovative approach allows Ethena USDe to offer a stable, decentralized alternative to traditional stablecoins while benefiting from Ethereum's security and ecosystem.

Ethena USDe has a promising future and roadmap ahead. The project aims to become a leading stablecoin solution in the crypto ecosystem. Key milestones include: - Expanding to more blockchain networks beyond Ethereum to increase accessibility - Enhancing liquidity and trading pairs across major decentralized and centralized exchanges - Implementing advanced risk management and collateralization mechanisms - Developing new use cases and integrations within DeFi protocols - Growing the ecosystem of partners and developers building on Ethena USDe By 2027, Ethena USDe aims to be among the top 20 cryptocurrencies by market cap. The team projects a potential price of $1.1691 by then. Long-term goals include reaching $1.9171 by 2031 and -- by 2036, though price predictions are speculative. With its focus on stability, scalability and censorship-resistance, Ethena USDe is well-positioned to play a major role in the future of decentralized finance and crypto payments. The project's commitment to transparency and on-chain backing provides a solid foundation for sustainable growth.

USDE’s short-term surge is not driven by a significant price fluctuation, but rather by increased user activity, staking incentives, and growing regulatory trust — all of which have led to rising trading volumes and ecosystem expansion. As long as its USD peg mechanism remains stable and arbitrage strategies continue to function, USDE’s value proposition within the stablecoin landscape remains solid. However, investors should stay alert to risks such as declining yield opportunities, potential liquidation setbacks, and evolving regulatory or systemic challenges.

Ethena USDe is experiencing a temporary price decline due to market volatility and profit-taking after its recent rally. The current price is $0.9993, down +0.01% in the last 24 hours. However, the long-term outlook remains positive given Ethena USDe's strong fundamentals and growing adoption.

The current price of Ethena USDe (USDE) is $0.9993. As the #33 cryptocurrency by market cap, USDE has seen a +0.01% change in the last 24 hours with a trading volume of $2.89K.

The highest price Ethena USDe has ever reached is $1.5000. This all-time high was recorded on November 14, 2024.

The lowest price Ethena USDe has ever reached is $0.9213. This all-time low was recorded on February 21, 2025.

Currently, 1 USDE is worth $0.9993.

Ethena USDe is valuable due to its stability as a crypto-native stablecoin. It offers censorship resistance, scalability, and full on-chain backing through delta-hedged staked Ethereum collateral. With a market cap of $3.96B, Ethena USDe provides free composability and transparency in the DeFi ecosystem.

As of 2026-05-09, there are 3.96B USDE Ethena USDe (USDE) in circulation. The total supply is 5.82B USDE, with a maximum supply of ∞.

Mining Ethena USDe (USDE) is not profitable. As a stablecoin pegged to $1, USDE is not mined but rather minted through collateralized mechanisms. Its value stability limits potential mining profits.

Ethena USDe was officially launched on February 20, 2024. It represents a censorship-resistant, scalable stablecoin solution built on Ethereum.

Currently, one USDE costs $0.9993.

You can buy Ethena USDe through centralized or decentralized exchanges(Gate.com). Simply create an account, complete identity verification, deposit funds, and place an order to buy USDE at $0.9993.

To purchase USDE, create an account on a reputable cryptocurrency exchange(Gate.com), complete identity verification, deposit funds using bank transfer or card, navigate to USDE trading pair, enter purchase amount, and confirm your transaction. Store your USDE in a secure wallet for safekeeping.

Yes, Ethena USDe is considered safe and legitimate. It's a stablecoin backed by delta-hedged staked Ethereum collateral, providing censorship resistance and scalability. With a market cap of $3.96B and ranking 33, Ethena USDe has gained significant adoption since its launch in February 2024.

Ethena USDe is a synthetic dollar stablecoin created by Ethena Labs. It aims to be a censorship-resistant and scalable crypto-native solution, backed by delta-hedged staked Ethereum collateral. Ethena USDe is fully collateralized on-chain and offers free composability across DeFi protocols.

Yes, Ethena USDe (USDE) is worth buying. As a stablecoin pegged to the US dollar, it offers stability and utility in the crypto ecosystem. With a current price of $0.9993 and a market cap of $3.96B, Ethena USDe provides a reliable store of value and medium of exchange for crypto transactions.

Ethena USDe is not directly associated with Elon Musk. It's a synthetic dollar stablecoin created by Ethena Labs, designed to be censorship-resistant and scalable on the Ethereum blockchain. Ethena USDe aims to maintain a stable value of $1 through delta-hedging staked Ethereum collateral.

You can buy Ethena USDe (USDE) on major cryptocurrency exchanges that support USDE trading. Check popular platforms for availability and compare fees before purchasing.