Ethena USDe
USDE#23 by market capNot covered. The criterion it missed: documentation found but no public code repository listed.
What it is for
Ethena USDe
A stable digital dollar
190 coins tagged Stablecoins, worth $306.23B together. Bigger circle, bigger coin. Order is size only.
Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate
Problem it says it solves: a stable digital dollar. 190 coins are working on it and together they are worth $306,227,564,501. This coin is 1% of that.
Synthetic Dollar 10 coins, together worth $6.39B. Sorted by size.
The average coin in this group is worth $206.83M. This coin is worth 22 times that average.
| Coin | Worth | Today | Supply out | Promises delivered |
|---|---|---|---|---|
| Ethena USDe | $4,529,294,180 | −0.0% | – | no record |
| Falcon USD | $1,339,493,321 | +0.0% | – | no record |
| USDai | $290,092,199 | +0.0% | – | 0 of 2 |
| Unity USD | $100,183,672 | +0.3% | – | no record |
| Tori trUSD | $67,211,741 | −0.0% | – | no record |
| Metronome Synth USD | $35,603,976 | +4.1% | – | no record |
| eSui Dollar | $13,088,576 | +0.0% | – | no record |
Fiat-backed Stablecoin 87 coins, together worth $290.47B. Sorted by size.
The average coin in this group is worth $3.32B. This coin is 36% above that average.
| Coin | Worth | Today | Supply out | Promises delivered |
|---|---|---|---|---|
| Ethena USDe | $4,529,294,180 | −0.0% | – | no record |
| Tether | $183,404,768,335 | +0.0% | – | no record |
| USDC | $74,187,258,883 | +0.0% | – | none dated |
| USDS | $9,806,221,689 | −0.0% | – | no record |
| Dai | $4,576,789,505 | +0.0% | – | no record |
| Global Dollar | $3,306,207,572 | +0.0% | – | none dated |
| PayPal USD | $2,805,641,217 | −0.0% | – | no record |
Grouping is CoinGecko’s category tags, most specific first. Order is size, nothing else.
Roadmap and delivery
Ethena USDe
No record yet, so nothing to draw.
What is coming
Ethena USDe
No record yet.
Price and size
Ethena USDe
The last 7 days
Where today sits against its highest ever price
Highest ever: $1.03 on 9 December 2025. Today is 97% of that.
$0.9995 −0.0% today
7 days +0.0%. Market cap $4,529,294,180, #23 of all coins. Its all-time high was $1.03 on 9 December 2025, so it is −3.3% from the top.
CoinGecko, refreshed hourly. Not part of the record.
Ethena USDe is for a stable digital dollar. We have not written its record yet, so its promises are not checked. It trades at $0.9995, #23 of all coins by size, 3% below its highest ever price.
Every line above is a fact from the record or the market feed. What to do with it is up to you.
Who holds the supply
Ethena USDe
100%
of all USDE that will ever exist is already out in public hands: 4.53B coins.
0% (2.33M coins) is not yet created or held by the project. That is a small share. Those coins can be sold later, which can push the price down.
out held back. Each dot is 1%.
- 4.53Bin circulation of 4.53B total. No hard maximum is set, so more can be created.
- of its all-time high of $1.03 on 9 December 2025. That is −3.3% from the top.
- #23by market cap, $4,529,294,180.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
4.53B in public hands, 100% of all that exists.
2.33M (0%) is either not yet created or held by the project. That is a small share, and it can reach the market later.
Supply figures from CoinGecko; who exactly holds the rest is not something this site reads from the chain yet.
$0.9995 −0.0% today
7 days +0.0%. Market cap $4,529,294,180, #23 of all coins. Its all-time high was $1.03 on 9 December 2025, so it is −3.3% from the top.
CoinGecko, refreshed hourly. Not part of the record.
Ethena USDe is for a stable digital dollar. We have not written its record yet, so its promises are not checked. It trades at $0.9995, #23 of all coins by size, 3% below its highest ever price.
Every line above is a fact from the record or the market feed. What to do with it is up to you.
Competitors
Ethena USDe
Synthetic Dollar: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
Ethena USDe$4.53Bthis coin−0.0%no maxno record
Falcon USD$1.34B3.4× smaller, −$3.19B+0.0%, gap +0.1no maxno record
USDai$290.09M15.6× smaller, −$4.24B+0.0%, gap +0.0no max0 of 2 delivered
Unity USD$100.18M45.2× smaller, −$4.43B+0.3%, gap +0.3no maxno record
Tori trUSD$67.21M67.4× smaller, −$4.46B−0.0%, gap −0.0no maxno record
Metronome Synth USD$35.6M127.2× smaller, −$4.49B+4.1%, gap +4.1no maxno record
eSui Dollar$13.09M346.0× smaller, −$4.52B+0.0%, gap +0.0no maxno record
Unity$12.99M348.8× smaller, −$4.52B–no maxno record
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
Synthetic Dollar 10 coins, together worth $6.39B. Sorted by size.
The average coin in this group is worth $206.83M. This coin is worth 22 times that average.
| Coin | Worth | Today | Supply out | Promises delivered |
|---|---|---|---|---|
| Ethena USDe | $4,529,294,180 | −0.0% | – | no record |
| Falcon USD | $1,339,493,321 | +0.0% | – | no record |
| USDai | $290,092,199 | +0.0% | – | 0 of 2 |
| Unity USD | $100,183,672 | +0.3% | – | no record |
| Tori trUSD | $67,211,741 | −0.0% | – | no record |
| Metronome Synth USD | $35,603,976 | +4.1% | – | no record |
| eSui Dollar | $13,088,576 | +0.0% | – | no record |
Fiat-backed Stablecoin 87 coins, together worth $290.47B. Sorted by size.
The average coin in this group is worth $3.32B. This coin is 36% above that average.
| Coin | Worth | Today | Supply out | Promises delivered |
|---|---|---|---|---|
| Ethena USDe | $4,529,294,180 | −0.0% | – | no record |
| Tether | $183,404,768,335 | +0.0% | – | no record |
| USDC | $74,187,258,883 | +0.0% | – | none dated |
| USDS | $9,806,221,689 | −0.0% | – | no record |
| Dai | $4,576,789,505 | +0.0% | – | no record |
| Global Dollar | $3,306,207,572 | +0.0% | – | none dated |
| PayPal USD | $2,805,641,217 | −0.0% | – | no record |
Grouping is CoinGecko’s category tags, most specific first. Order is size, nothing else.
A stable digital dollar
190 coins tagged Stablecoins, worth $306.23B together. Bigger circle, bigger coin. Order is size only.
In the news
Ethena USDe
Headlines per day, last 30 days
19 headlines named this coin in the last month.
What they were about
- Banks4
- Upgrade3
- Price1
- Tokenization1
- Unlock1
- Partnership1
Ethena USDe is for a stable digital dollar. We have not written its record yet, so its promises are not checked. It trades at $0.9995, #23 of all coins by size, 3% below its highest ever price.
Every line above is a fact from the record or the market feed. What to do with it is up to you.
- What DeFi Power Users Know About Synthetic Dollars And USDe
- Ethena's USDe Holds Its Peg Without a Bank, Here's How
- StablecoinX New CEO Christopher Jensen Leads Major Ethena Stake
- Ethena USDe Price (USDE/USD) Today | Live Price, Market Cap & Chart
- Ethena's Synthetic Dollar To Land on BlackRock's Risk Platform
- Ethena Pay Explained: Can USDe Become a Crypto Bank Account?
- Ethena launches USDe payments app, offers 6% rewards|CointelegraphUpcoming
- Ethena launches USDe payments app, offers 6% rewardsUpcoming
- Ethena Enters Crypto Neobanking With New App, Takes USDe Beyond DeFi
- Ethena Fee Switch: When the ENA Buyback Actually Starts
- How far can USDe’s yield scale as Ethena targets RWA perps? Examining…
- Ethena surges as buyback vote, VC unlock overhaul boost token outlookUpcoming
- Ethena USDe Yield: Where It Comes From and What the BaFin Wind-Down Means for You
- USDe Yield Explained: Funding Rate and the BaFin Order
- Ethena Surges 65%: FalconX Facility and Hayes Endorsement
- Crypto News: Ethena and FalconX Launch $1B Facility to Boost USDe Returns
- Ethena Will Fund $1B Of Institutional Loans With USDe Backing AssetsUpcoming
- FalconX Partners with Ethena on $1 Billion Warehouse Financing Facility to Expand Institutional Lending Capacity
- FalconX, Ethena unveil $1B credit facility as USDe moves beyond crypto basis trades
19 headlines in the last month.
Headlines are the publishers' own. News is never placed next to price.
What holding it gets you
Ethena USDe
Meant to stay at one dollar
Holding it is holding a copy of a dollar. It is not built to rise.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate
Problem it says it solves: a stable digital dollar. 190 coins are working on it and together they are worth $306,227,564,501. This coin is 1% of that.
Where it trades, by how much changes hands each day
- Bybit$3.83M a day, USDE/USDT
- Binance$338.25K a day, USDE/USDT
- Gate$40.07K a day, USDE/USDT
- Kraken$28.99K a day, USDE/EUR
- Upbit$18.02K a day, USDE/KRW
- Uniswap V4$79.81M a day, 0X4C9EDD5852CD905F086C759E8383E09BFF1E68B3/0XA0B86991C6218B36C1D19D4A2E9EB0CE3606EB48
- Curve$23.59M a day, 0XDAC17F958D2EE523A2206206994597C13D831EC7/0X4C9EDD5852CD905F086C759E8383E09BFF1E68B3
- Ekubo V3$19.55M a day, 0X4C9EDD5852CD905F086C759E8383E09BFF1E68B3/0XA0B86991C6218B36C1D19D4A2E9EB0CE3606EB48
Largest venues by reported volume, from CoinGecko. Plain links, no referral.
Worth a look?
Ethena USDe
0 of 4
- –A real-world jobDoes it say what problem it solves, in a category that is not a joke?
- –Real backingA named investor, an index, a major exchange, or a billion-dollar size.
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Ethena USDe is for a stable digital dollar. We have not written its record yet, so its promises are not checked. It trades at $0.9995, #23 of all coins by size, 3% below its highest ever price.
Every line above is a fact from the record or the market feed. What to do with it is up to you.
It passes 0 of the four tests.
The three tests: a real-world purpose, real backing, something dated ahead. Printed, never a verdict.
Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate
Problem it says it solves: a stable digital dollar. 190 coins are working on it and together they are worth $306,227,564,501. This coin is 1% of that.
The record
Ethena USDe
Not covered. The criterion it missed: documentation found but no public code repository listed.
Homepage as listed: https://app.ethena.fi/