Assets 
Ethena USDe USDE
$1.00
Market Cap $4.44B
Volume 24h —
Spot Venues 1
Perp Venues 1
Avg Funding 0.0013%
Best APR 2.68%
Price History
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Spot Markets
1| Venue | Pair | Last | Bid | Ask | Volume 24h |
|---|---|---|---|---|---|
 Hyperliquid | USDE/USDC:150 | 0.000133 | 0.9994 | 0.9998 | 0.00 |
Perpetuals
1| Venue | Market | Funding Rate | Open Interest |
|---|---|---|---|
 dYdX | USDE-USD | 0.0013% | $0 |
Earn
1 products| Platform | APR | Type | Duration |
|---|---|---|---|
 Bitget | 2.68% | Flexible | Flex |
Transfers
About Ethena USDe
USDe is the synthetic dollar of the Ethena protocol, designed to maintain dollar-like value using crypto collateral and hedged derivatives positions rather than conventional bank reserves. It is a crypto-native stable-value asset built around on-chain funding and basis mechanics. USDe is central to Ethena's dollar infrastructure and yield-bearing product stack.