Ethena USDe price
£0.74
past
Ethena USDe price
Market stats
Last updatedPast Performance is not a reliable indicator of future results. Learn more about asset risks.
Pricing data is provided by Kraken.
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Ethena USDe price today
Ethena USDe price today is £0.74.
In the last 24 hours Ethena USDe's price moved +0.24%. The current USDE to GBP conversion rate is £0.74 per USDE. The circulating supply of Ethena USDe is 6,034,946,422 USDE and the current Ethena USDe market cap is £4,482,486,630.
USDE historical price table
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24.0k ratings
4.6
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47.3k ratings
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.
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