Ethena USDe
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USDe to USD converterUSDe
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$0
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Volume (24h)
$0
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$0Volume(24h)
$0FDV
$0Circulating Supply
0Total Supply
0Max Supply
$0Infinity Supply
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Stablecoin
Asset-Backed Stablecoin
About Ethena USDeUSDe is a synthetic dollar issued by Ethena Labs, designed to maintain its peg through a delta-neutral strategy that combines staked-ETH collateral with offsetting short futures positions rather than holding traditional cash reserves. Yield generated by the hedging strategy and staking rewards accrues to users who stake USDe for sUSDe. USDe is not a fiat-backed stablecoin and carries different risk characteristics than reserve-backed alternatives.
Assets Details
Access Model
PermissionlessRedeemable
NoAttestations
YesCEX Listed
NoKYC to mint or redeem
YesTransferable
YesSelf Custody
Yes