Overview
Ethena USDe (USDe) is a synthetic dollar protocol built on Ethereum, designed to provide a cryptocurrency-native solution for stablecoins without relying on traditional banking infrastructure. The live price of USDe today is ₩1,359.84 KRW, with a 24-hour trading volume of ₩108.62B KRW.
Key Statistics
- Market Cap: ₩7.21T KRW
- 24h Volume: ₩108.62B KRW
- Circulating Supply: 5.3B USDe
- Max Supply: ∞
- Price Change (24h): -0.03%
What is Ethena USDe?
Ethena USDe is a decentralized stablecoin that maintains its peg through delta-hedged staked Ethereum collateral. It aims to offer censorship resistance, scalability, and stability within the DeFi ecosystem.
Key Features:
- Delta Hedging: Uses derivatives to hedge against collateral volatility.
- Internet Bonds: Offers a dollar-denominated savings instrument combining staked ETH yields and perpetual/futures market spreads.
- Transparency: Fully backed by on-chain collateral, visible to users.
Technology Behind Ethena USDe
Built on Ethereum, USDe leverages smart contracts for automation and security. Its stability is maintained through:
- Delta Hedging to offset collateral risks.
- Mint/Redeem Arbitrage to correct price deviations.
- On-Chain Transparency for verifiable collateral backing.
Use Cases
- DeFi Savings: Earn yields via Internet Bonds.
- Governance: Holders participate in protocol decisions.
- Trading/Hedging: Used as collateral or stable medium on exchanges.
Founders and Team
Ethena Labs, led by CEO Guy Young, developed USDe. The team combines traditional finance expertise with blockchain innovation to create a trustless stablecoin.
FAQ
How does USDe maintain its peg?
Through delta-hedged ETH collateral and arbitrage mechanisms ensuring 1:1 dollar backing.
Where can I buy USDe?
Available on major centralized (CEX) and decentralized exchanges (DEX).
What are Internet Bonds?
Global, accessible savings tools combining staking yields and market spreads.
Related Cryptocurrencies
👉 Explore Ethereum-based tokens
Live Price Data
USDe’s price updates in real-time. Track its KRW value and market movements on CoinMarketCap.
Disclaimer: This content is for informational purposes only. Always conduct independent research before investing.
👉 Trade USDe on OKX
👉 Learn about stablecoins
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