How much is Ethena USDe right now?

$0.9999. Over the past twenty-four hours -0.0%. The figure refreshes every minute from the source.

Where does Ethena USDe trade?

On 100 exchanges according to the source; the busiest are listed above. We do not sell it and do not route orders — this site only shows.

Why does the price differ between exchanges?

Each exchange has its own order book, and price is created there by matching. Where little trades, the gap between buyers and sellers widens and the price drifts from its neighbours.

Ethena USDe (USDE) price, market value and where it trades

USDE$0.9999-0.0%

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What it is

Ethena USDe (USDE) is a token living on the Ethereum network. 4,067,325,496 USDE are in circulation, and the supply has no ceiling. It ranks 24 by market value, at $4.08B. It trades on 100 exchanges.

Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate

Data from CoinGecko.

Stablecoins
US dollar stablecoin
BNB Chain ecosystem
Solana ecosystem
Avalanche ecosystem
Arbitrum ecosystem
Ethereum ecosystem
Metis ecosystem

Network: Ethereum
Circulating supply: 4,067,325,496
Fully diluted value: $4.07B
All-time high: $1.03 · December 9, 2025
All-time low: $0.9295 · October 3, 2024

White paper app.ethena.fi @ethena_labs

Categories come from the source. The ideas in their names are explained in our glossary, in sixteen languages.

How it is built

Hardware wallet support: Yes

Design data from CoinPaprika.

Where it trades

Exchange	Price	24h volume
Uniswap V4 (Ethereum)	$1.00	$9.51M
Ekubo V3 (Ethereum)	$1.00	$5.70M
Orca	$1.00	$3.18M
BybitUSDE/USDT	$0.9999	$3.03M
BybitUSDE/USDC	$1.00	$2.61M
Curve (Ethereum)	$1.00	$1.85M
MEXCUSDE/USDT	$0.9999	$1.83M
Orca	$0.9999	$1.72M
WEEXUSDE/USDT	$1.00	$1.66M
Uniswap V3 (Ethereum)	$0.9998	$986.71K

Questions

How much is Ethena USDe right now?: $0.9999. Over the past twenty-four hours -0.0%. The figure refreshes every minute from the source.
Where does Ethena USDe trade?: On 100 exchanges according to the source; the busiest are listed above. We do not sell it and do not route orders — this site only shows.
Why does the price differ between exchanges?: Each exchange has its own order book, and price is created there by matching. Where little trades, the gap between buyers and sellers widens and the price drifts from its neighbours.

Numbers

Rank by market value: #24
Market value: $4.08B
24h volume: $39.39M
24h range: $0.9996 — $1.00

Data from CoinGecko.