Ethena USDe Price

Ethena USDe is a synthetic dollar <0>stablecoin created by Ethena Labs. It represents the first censorship-resistant, scalable, and stable crypto-native solution for money, achieved by delta-hedging staked Ethereum collateral. Ethena USDe is fully backed and transparently maintained on-chain, offering free composability. Key features of Ethena USDe: - Launched on February 20, 2024 - Built on Ethereum as an ERC-20 token - Current price: $0.9991 - 24h trading volume: $311.78K - Market cap: $5.58B - Circulating supply: 5.59B USDE - Total supply: 5.82B USDE - Fully diluted valuation: $5.82B Ethena USDe aims to provide a stable, decentralized alternative to traditional stablecoins. It maintains its peg through a unique mechanism of delta-hedging staked ETH collateral. This approach allows Ethena USDe to offer stability while remaining resistant to censorship and scalable for widespread adoption. As of 2025-06-20, Ethena USDe ranks 29 among all cryptocurrencies by market capitalization. It has shown relatively stable performance, with a 24-hour price change of +0.12%. 0: https://www.gate.com/en/learn/articles/usde-solution-to-the-stablecoin-trilemma-or-a-profitable-hedge-fund-model/2898

Ethena USDe was created on February 20, 2024. It was launched as a synthetic dollar stablecoin on the Ethereum blockchain, representing the first censorship-resistant, scalable, and stable crypto-native solution for money. Ethena USDe aims to maintain a stable value of $1 by <0>delta-hedging staked Ethereum collateral. Since its creation, Ethena USDe has gained significant traction in the crypto market, currently ranking 29 by market capitalization as of 2025-06-20. The total supply of Ethena USDe is 5.82B USDE, with a circulating supply of 5.59B USDE. The project behind Ethena USDe continues to develop and expand its ecosystem, focusing on providing a reliable and transparent stablecoin option for the decentralized finance (DeFi) space. 0: https://www.gate.com/en/learn/articles/unlocking-usde-yield-strategies-your-path-to-45-annual-stablecoin-returns/4734

The founders of Ethena USDe are not publicly disclosed. Ethena USDe was launched by Ethena Labs, a company focused on developing decentralized finance solutions. The project aims to create a censorship-resistant and scalable stablecoin backed by staked Ethereum collateral. While the specific individuals behind Ethena Labs are not named, the team has expertise in DeFi, cryptography, and financial engineering. Ethena USDe was introduced on February 20, 2024 as an <0>ERC-20 token on the Ethereum blockchain. The project has received backing from notable investors in the crypto space, including Binance Labs and DragonFly Capital. For the most up-to-date information on Ethena USDe's development and team, you can follow their official Twitter account @ethena_labs or join their Discord community. 0: https://www.gate.com/en/learn/articles/new-opportunities-and-challenges-for-stablecoins/4581

Ethena USDe operates as a synthetic dollar stablecoin on the Ethereum blockchain. It maintains its peg to the US dollar through delta-hedging of staked Ethereum collateral. Key features include: 1. Fully backed and transparently maintained on-chain 2. Censorship-resistant and scalable 3. Free composability for <0>DeFi applications 4. Launched on February 20, 2024 5. Available on multiple chains including Ethereum, BNB Chain, Optimism, and Arbitrum Ethena USDe aims to provide a stable, crypto-native solution for digital payments and DeFi applications. Its price is designed to closely track $1, with a current value of $0.9991. The total supply is 5.82B USDE USDE, with 5.59B USDE in circulation. Ethena USDe has gained adoption across various DeFi protocols and exchanges, with a 24-hour trading volume of $311.78K. As of 2025-06-20, Ethena USDe ranks 29 by market capitalization among all cryptocurrencies, with a market cap of $5.58B. The project is backed by notable investors and continues to expand its ecosystem partnerships to increase utility and adoption. 0: https://www.gate.com/en/learn/articles/usde-s-impact-on-decentralized-finance/1959

Ethena USDe utilizes a dual-layer architecture: 1. Smart Contract Layer: Built on Ethereum as an ERC-20 token, enabling seamless integration with DeFi protocols. 2. Collateral Management Layer: Employs a delta-hedging strategy using staked Ethereum as collateral to maintain stability. Key features: - Fully on-chain backed and transparently maintained - Censorship-resistant design - Scalable infrastructure to support growing demand - Free composability for DeFi applications The system leverages advanced algorithms to dynamically adjust collateral ratios and maintain the USDE peg to $1. This innovative approach allows Ethena USDe to offer a stable, decentralized alternative to traditional stablecoins while benefiting from Ethereum's security and ecosystem.

Ethena USDe has a promising future and roadmap ahead. The project aims to become a leading stablecoin solution in the crypto ecosystem. Key milestones include: - Expanding to more blockchain networks beyond Ethereum to increase accessibility - Enhancing <0>liquidity and trading pairs across major decentralized and centralized exchanges - Implementing advanced risk management and collateralization mechanisms - Developing new use cases and integrations within DeFi protocols - Growing the ecosystem of partners and developers building on Ethena USDe By 2026, Ethena USDe aims to be among the top 20 cryptocurrencies by market cap. The team projects a potential price of $1.04 by then. Long-term goals include reaching $1.94 by 2030 and $2.69 by 2035, though price predictions are speculative. With its focus on stability, scalability and censorship-resistance, Ethena USDe is well-positioned to play a major role in the future of decentralized finance and crypto payments. The project's commitment to transparency and on-chain backing provides a solid foundation for sustainable growth. 0: https://www.gate.com/en/learn/articles/what-is-usde-unveiling-the-multiple-earning-methods-of-usde/4510