Binance
Markets
Trade
Square
Ethena USDe Price

Ethena USDe Price (USDE)

Contract Address: 0x4c9e...1e68b3
$0.9997503-0.01% in the past 24 hrs
Page last updated: 9/7/26, 2:44 AM (UTC)

Ethena USDe Market Stats in USD

Popularity
#21
Market Cap
$4.4B
Volume (24hours)
$23.9M
Circulation Supply
4.4B
Total Maximum Supply
--
Fully Diluted Market Cap
$4.4B
Ethena USDe Resources
Official Ethena USDe Website
You Buy
Ethena USDe Price
USDE
You Spend
Rate
1 USDE ≈ USD 0.9997503
Buy USDE
Binance has the lowest transaction fee rate amongst all major trading platforms.
Binance
0.1%
Kraken
0.26%
Coinbase
1.99%

Price of Ethena USDe Today in USD

The live Ethena USDe price today is $0.9997503 USD. Track the latest USDE to USD price, 24-hour price movement, market capitalization and trading volume in real time. Ethena USDe price has changed by -0.01% over the past 24 hours, with a circulating supply of 4.4B.

Ethena USDe Price History

24H
7D
1M
3M
1Y

All Time High

$1.03

Current

$0.9997503

24H High

$1

24H Low

$0.999669

24H Change

-0.01%

Ethena USDe (USDE) to USD Conversion Calculator

USDE/USD conversion rates
0.1 USDE
$0.099975
1 USDE
$0.9997503
10 USDE
$10
100 USDE
$99.98
0.5 USDE
$0.4998751
2 USDE
$2
5 USDE
$5
50 USDE
$49.99
200 USDE
$199.95
500 USDE
$499.88
USD/USDE conversion rates
$100
100.02497906 USDE
$1,000
1,000.24979057 USDE
$10,000
10,002.49790567 USDE
$100,000
100,024.97905672 USDE
$200
200.04995811 USDE
$500
500.12489528 USDE
$2,000
2,000.49958113 USDE
$5,000
5,001.24895284 USDE
$20,000
20,004.99581134 USDE
$50,000
50,012.48952836 USDE
(Use our USDE to USD conversion table to check how much Ethena USDe is worth in US dollars at the current live rate).

Crypto Market Sentiments

Fear & Greed Index

How do you feel about Ethena USDe today?

0%
0%
Note: This information is for reference only.
In the past 24 hours, Binance clients bought 0 USDE worth $0
Trade on Binance

Why Is Ethena USDe (USDE) Down Today?

Ethena USDe (USDE)'s price declined by 0.01% over the past 24h, possibly reflecting reduced trading activity and broader market caution affecting crypto assets.
Recent market activity suggests moderating buying momentum, which may reflect short-term adjustments in trading activity following recent price movements.
At the same time, broader trends across the crypto market may be contributing to normal price fluctuations, influencing Ethena USDe (USDE)'s performance alongside other digital assets.

Crypto Time Machine

Compare crypto returns versus Gold and Silver
What if I invested
USD
Back in
Select Coin
VS

Ready to buy? Trade faster, anytime on the app

Track Ethena USDe price movements, explore market trends, crypto news and never miss an update. Download the Binance app to trade and track on the go.
4.6 / 5
91K Reviews
Download on the App Store
4.6 / 5
4M+ Reviews
Get it on Google Play

What Can You Do With Ethena USDe (USDE)?

Spot

Buy and sell cryptocurrencies on the spot market.

Earn

Deposit your crypto holdings and earn; 180+ coins supported.

Pay

Use your crypto for purchases, send crypto anywhere globally.

Convert

Instantly swap your crypto holdings at zero cost.

Store

A self-custody wallet to swap tokens, grow your portfolio.

Binance Alpha

Stake crypto to earn new tokens

Why Use Binance to Track Ethena USDe Price?

Real-time Ethena USDe market data

Track live USDE price movements, market cap, trading volume, and other key metrics to stay informed about Ethena USDe market activity.

Trade from the Largest Crypto Selection, Anytime

Explore hundreds of cryptocurrencies and markets on Binance, whether you're actively trading or monitoring market trends.

Trusted by 300M+ Users Worldwide

Our multi-tier and multi-cluster system architecture, along with the SAFU (Secure Assets Fund for Users), helps safeguard user accounts and funds.

24/7 Customer Support

Customer support is available around the clock in multiple languages to assist users whenever needed.

People Also Ask: Other Questions About Ethena USDe

What is 1 Ethena USDe Price in USD today?

The live Ethena USDe price today is $1 USD per USDE. Binance updates the USDE/USD price in real time based on current market data.

How much is 1 Ethena USDe in USD?

One Ethena USDe is currently worth $1 USD. Since the USDE price changes throughout the day, the USD value of 1 USDE will also change.

How is the Ethena USDe price in USD calculated?

The Ethena USDe price in USD reflects current USDE trading activity across cryptocurrency markets. Binance displays a live reference price based on available market data and updates it as market conditions change.

What affects the USDE to USD price?

The USDE to USD price is influenced by supply and demand, market liquidity, investor sentiment, macroeconomic conditions, regulatory developments and activity across global crypto markets.

How is the price of Ethena USDe (USDE) calculated on Binance?

The price of Ethena USDe (USDE) on Binance is based on live market data from active trading pairs involving Ethena USDe. Prices may reflect recent trades, available liquidity, order book activity, and market demand across supported pairs such as USDE/USDT, USDE/USDC, or other available markets. The displayed price is updated in real time to help users track the latest price of Ethena USDe.

Why does the price of Ethena USDe (USDE) change?

The price of Ethena USDe (USDE) goes up and down because it is traded in an open market where buyers and sellers constantly place orders at different prices. If demand for Ethena USDe increases, the price may rise. If selling pressure increases, the price may fall. Broader crypto market trends, news, liquidity, investor sentiment, macroeconomic conditions, and token-specific developments can also influence price movements.

What factors affect the price of Ethena USDe (USDE)?

The price of Ethena USDe (USDE) can be affected by supply and demand, trading volume, liquidity, market sentiment, news, adoption, token utility, network activity, regulatory developments, and broader crypto market conditions. For some assets, tokenomics such as circulating supply, maximum supply, token unlocks, burns, or staking activity may also influence how the market values Ethena USDe over time.

Why does the price of Ethena USDe (USDE) differ across crypto exchanges?

The price of Ethena USDe (USDE) may differ across exchanges because each exchange has its own order books, liquidity, trading volume, user demand, spreads, and available trading pairs. Prices usually stay close across major exchanges, but short-term differences can happen when market activity is high, liquidity is lower, or when deposits and withdrawals vary across platforms.

What is the market capitalization of Ethena USDe (USDE), and why does it matter?

Market capitalization, or market cap, is commonly calculated by multiplying the current price of Ethena USDe by its circulating supply. It is used to estimate the total market value of the asset and compare it with other cryptocurrencies. A higher market cap may indicate broader market adoption or liquidity, but it does not guarantee price stability or future performance.

How does circulating supply affect the price of Ethena USDe (USDE)?

Circulating supply refers to the number of Ethena USDe tokens currently available in the market. If demand stays the same but circulating supply increases, it may put pressure on price. If demand grows faster than supply, prices may rise. For some cryptocurrencies, maximum supply, token unlocks, emissions, burns, or staking mechanisms can also affect market expectations.

Can I set price alerts for Ethena USDe (USDE) on Binance?

Yes, Binance users can set price alerts for supported cryptocurrencies on the web and through the Binance app. Logged-in users can set their price target on the Ethena USDe price page and get notified when the target is reached.

Is Ethena USDe (USDE) a better investment than gold or silver?

Ethena USDe (USDE), gold, and silver are different types of assets with different risk profiles. Gold and silver are traditional commodities with long-established markets, while Ethena USDe is a digital asset that may be more volatile. The Crypto Time Machine can help compare historical returns, but past performance should not be used as a guarantee of future results.

What Is the Current Price of Ethena USDe (USDE)?

The current price of Ethena USDe (USDE) is $1. Top cryptocurrency prices are updated in real-time on Binance’s price directory.

What is the Ethena Protocol?

Ethena is a synthetic dollar protocol built on Ethereum, offering a crypto-native solution for money that does not rely on traditional banking infrastructure. It also provides a globally accessible dollar-denominated instrument known as the "Internet Bond."

What Is Ethena USDe (USDe) Synthetic Dollar?

The USDe is a synthetic dollar issued by Ethena, aiming to provide a stable and scalable digital currency that mirrors the value of the US dollar. It is designed to function as a decentralized, crypto-native dollar that does not rely on traditional financial infrastructure.

What is Ethena USDe Used For?

The utility of USDe by Ethena Labs goes beyond being a simple dollar-pegged stablecoin. It offers stability (1:1 peg to USD) for DeFi activities but also generates high returns (over 33.5% APY) through its unique ETH and derivatives mechanism. As an ERC-20 token, USDe integrates with various DeFi platforms for lending, borrowing, and trading. Additionally, it's the backbone of Ethena Finance, allowing users to convert their ETH into yield-bearing USDe tokens.

What Makes USDe Different From Others?

Unlike many traditional stablecoins, USDe offers the potential for high returns. It achieves this by leveraging a mechanism that involves staking ETH (Ethereum) and managing derivatives. This approach allows USDe holders to earn an Annual Percentage Yield (APY) that currently sits above 33.5% (as of June 2024). The stability of the USDe peg is maintained through delta hedging derivatives positions against protocol-held collateral and a mint and redeem arbitrage mechanism.

About Ethena USDe (USDe)

USDe, created by Ethena Labs, is a dollar-pegged stablecoin launched in February 2014. Unlike traditional stablecoins backed by real-world assets like cash or gold, USDe utilizes a unique mechanism to maintain its peg: a combination of staking ETH (Ethereum) and managing derivatives on the Ethereum blockchain. This approach allows USDe to offer attractive returns to holders, with current Annual Percentage Yields (APY) exceeding 33.5% (as of June 2024).

Built on the Ethereum blockchain, USDe is an ERC-20 token, making it interoperable with various DeFi applications and protocols within the Ethereum ecosystem. Ethena Labs market USDe as a "synthetic dollar" designed for scalability, stability, and resistance to traditional financial censorship. The stability of the USDe peg is maintained through delta hedging derivatives positions against protocol-held collateral and a mint and redeem arbitrage mechanism.

Launched four months ago, the stablecoin surpassed the $3 billion market capitalization mark on June 2, 2024 to become the fourth-largest stablecoin. Ethena's founder, Guy Young, claims USDe achieved this milestone faster than any other USD-denominated crypto asset in history.

Ethena Labs, through USDe, aims to revolutionize the DeFi landscape with its Ethena Finance platform.This web-based interface allows users to transform their ETH holdings into a yield-generating synthetic dollar through USDe tokens. 

USDe sits at the core of the Ethena Protocol, powering the entire ecosystem by generating returns for participants. The live price of USDe is available and updated in real time on Binance.

Disclaimer

This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. It should not be construed as financial advice, nor is it intended to recommend the purchase of any specific product or service. Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Not financial advice. For more information, see our Terms of Use and Risk Warning.