Ethena USDe price
€0.85
past
Ethena USDe price
Market stats
Last updatedEthena USDe price today
Ethena USDe price today is €0.85.
In the last 24 hours Ethena USDe's price moved +0.02%. The current USDE to EUR conversion rate is €0.85 per USDE. The circulating supply of Ethena USDe is 6,047,023,758 USDE and the current Ethena USDe market cap is €5,113,333,055.
USDE historical price table
Start your crypto journey in minutes
Step into the future of money. Buy Bitcoin quickly and securely, all within your app — trusted by millions worldwide
Rating as of
Social metrics
Today's social mentions of Ethena USDe, powered by LunarCrush.
About Ethena USDe
USDe is a synthetic dollar issued by the Ethena protocol, designed to maintain a value of approximately 1 USD without relying on traditional fiat reserves. Instead, the protocol uses crypto collateral — such as ETH, liquid staking tokens, and BTC — paired with equivalent short perpetual futures positions to create a delta-neutral backing structure that aims to preserve peg stability. Users can stake USDe to receive sUSDe, a reward-accruing token that generates yield from staking rewards, derivatives funding rates, and protocol revenue. USDe is fully backed on-chain and composable across DeFi and CeFi platforms, though its stability depends on derivatives market conditions, funding rates, and counterparty risk.
Ethena USDe crypto categories
Kraken classes Ethena USDe to be within the following crypto categories.
More to explore
Disclaimer
These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, or hold any cryptoasset or to engage in any specific trading strategy. Kraken makes no representations as to the accuracy, completeness, timeliness, suitability or validity of any such information and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use.
Margin, futures and opt-in rewards are subject to certain geographic limitations and eligibility criteria.
Reward rates are subject to change and compliance with Kraken's terms and conditions. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. For more information, please see our Terms of Service.
Trading futures, derivatives and other instruments using leverage involves an element of risk and may not be suitable for everyone. Read Kraken’s risk disclosure to learn more.



