Ethena USDe

Ethena USDe

USDE #25
AA 85% Stablecoin Watch

Project Safety Score: 85%

Updated 9 minutes ago
Ethena USDeUSDE
Market Cap$4348630569
24hr Volume$58723525
24hr Change0.0%
Price$0.999805
Coverage: 1 bucket · 100% resolved
Scoring rubric: Stablecoin - scored on peg stability (placeholder)
Peg Stability
85 AA
100% · medium

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USDE Ethena USDe Details
Type
RWA
Launched
2024
HQ
Lisbon, Portugal
Team
Anonymous
StablecoinsUSD StablecoinBNB Chain EcosystemSolana EcosystemAvalanche EcosystemArbitrum EcosystemEthereum EcosystemMetis Ecosystem

Ethena USDe is a synthetic dollar designed to maintain price stability through delta-hedging strategies. It utilizes native crypto yields generated from staking and perpetual funding rates.

The project's architecture focuses on providing a stable digital asset aimed at various financial applications. Specific details on the governance model, total supply cap, and founding team are not provided.

Risk Report

Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.

Peg stability score 85 out of 100.
Ethena USDe demonstrates strong peg stability, with its current price at $0.9993, only a minor deviation from the expected one-dollar mark. This indicates effective mechanics in maintaining its peg and investor confidence. Coupled with a market capitalization of approximately $3.96 billion, the asset showcases its ability to sustain value and appeal to users, reinforcing its standing as a reliable stablecoin.

The project has verified social accounts on multiple platforms, including Discord, Telegram, Twitter, and YouTube. While the audience metrics on these accounts are limited, their existence provides a foundation for community engagement and communication, which is essential for a stablecoin's usability and reputation.

Investing in cryptocurrency, including Ethena USDe, carries inherent risks due to market volatility and regulatory developments. While the project's safety score suggests a favorable position, potential investors should consider the wider landscape and inherent challenges associated with stablecoins and the crypto market as a whole.

  • CertiK 2024-02-15 unknown report ↗
    Audit report not publicly available.
View whitepaper ↗ (2024)
Quality: high
Max supply: 15000000000
Team allocation: 30.0%
Investors: 25.0%
Public: 45.0%
Next unlock: 2025-04-02
  • BaFin 2025-03-21
    halted public sales of USDe
  • High liquidity and market performance
  • Comprehensive whitepaper available
  • Active social media presence
  • Team is anonymous
  • Project has a history of hacks or exploits
  • No hard cap on total token supply
  • Regulatory action has been taken against this project

Price Chart - Ethena USDe

Contract Security

ethereum · 0x4c9edd5852cd905f086c759e8383e09bff1e68b3
Open source
Not honeypot
Non-mintable
Ownership locked
Non-pausable
No blacklist
Visible owner
Fixed slippage
Source: GoPlus Security

On-Chain Facts

Total Holders
46057
Top 10 Hold
95.7%
Top 50: 99.1%
Top Holders
  • 0x9d39a5de30e57443b… 39.92%
  • 0x5d3a1ff2b6bab83b6… 38.05%
  • 0x3cc936b795a188f0e… 7.50%
  • 0x4f5923fc5fd4a9335… 2.98%
  • 0x63bee4a7e4aa5d76d… 2.33%
  • 0x33ae83071432116ae… 2.31%
  • 0x4865d4bcf4ab92e1c… 0.92%
  • 0x7fc7c91d556b400af… 0.69%
  • 0x31173ed183e5a9450… 0.53%
  • 0x3a3c006053a9b4028… 0.45%
Source: ethplorer
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71%
Profile Status
Data completeness
Some data missing
Medium confidence

Technical Analysis

Buy / Sell signals

Market Stats

All-Time High$1.03
All-Time Low$0.9295
Circulating4349482556
Total Supply4349482556

Recent News

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general 1 source 1 week, 6 days ago

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general 1 source 1 month, 3 weeks ago

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general 1 source 1 month, 3 weeks ago

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general 1 source 2 months, 3 weeks ago

Brazil moves to ban algorithmic and other stablecoins like Ethena’s USDe

regulatory 1 source 3 months, 3 weeks ago

HTX Opens Trading for USDe (Ethena USDe), the Third-Largest Stablecoin Offering a Crypto-Native Dollar Solution

general 1 source 4 months ago