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Cryptocurrencies/Coins/Ethena USDe (USDE)
Ethena USDe price, market cap on Coin360 heatmap

Ethena USDe(USDE)

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$1.0016
(0.42%)
0.00001516 BTC
Market Cap (Rank#50)
$2,376,660,806
35,969 BTC
Vol 24h
$1,749,108
26.4711 BTC
Circulating Supply
2,372,794,749.16
Max Supply
?
5 days agocoindesk
USDe Holders Should Monitor Ethena's Reserve Fund to Avoid Risk, CryptoQuant Warns
Cryptocurrency data provider CryptoQuant has said that holders of Ethena Labs' USDe stablecoin should monitor the project's reserve fund to avoid risks related to the potential of a negative funding rate.
18 days agocoindesk
Ethena Onboards Bitcoin as Backing Asset to Make USDe 'Safer'
The platform will use a cash-and-carry trade to short bitcoin futures and pocket funding rates to generate yield on its USDe tokens.
21 day agocoindesk
Ethena Labs' ENA Token Goes Live, Starts Trading at 64 Cents
Ethena has invited holders of USDe to claim their share of the airdrop of 750 million ENA tokens, equating to 5% of the total supply.
46 days agocoindesk
Stablecoin Project Ethena Labs Bags $4M for USDe Treasury
The stablecoin earns yield by shorting ether futures and capturing funding rates - which have surged in the past two weeks.
54 days agocoindesk
The Protocol: Bitcoin's Call for Volunteers, Ethena's USDe, Blast's Blast-Off
In this week's issue of CoinDesk's newsletter on blockchain technology, we've got an exclusive interview with Stacks co-creator Muneeb Ali. PLUS: More than $200 million of blockchain project fundraisings.
63 days agocoindesk
DeFi Platform Earning Yield by Shorting Ether Attracts $300M
Ethena offers a 27% annualized reward to holders of its USDe stablecoins, a yield mostly generated by shorting ether futures.
66 days agocoindesk
Ether-Based Crypto Dollar Issuer Ethena Raises $14M, Opens Access to Public
Ethena's USDe "synthetic dollar" is independent from the traditional financial system and aims to offer a dollar-denominated, yield-bearing savings vehicle for investors outside of the U.S.
318 days agocryptopotato
ERD DeFi Lending Platform and USDE Stablecoin Unveiled at EDCON 2023
[PRESS RELEASE – Podgorica, Montenegro, June 9th, 2023] At EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and […]
318 days agocryptodaily
ERD DeFi Lending Platform and USDE Stablecoin Unveiled at EDCON 2023
Podgorica, Montenegro, June 9th, 2023, ChainwireAt EDCON 2023 in Montenegro, the Ethereum Reserve Dollar (“ERD”) team introduced their innovative decentralized lending platform and USDE stablecoin to the industry. ERD is a lending platform that allows users to borrow USDE, a USD-pegged stablecoin native to the platform, using liquid staking derivatives (LSDs) and blue-chip DeFi tokens as collateral. The protocol maintains a minimum collateralization ratio of 110%, striking a balance between decentralization, capital efficiency, and price stability.In the fast-paced world of blockchain and cryptocurrencies, the demand for fully decentralized stablecoins is growing. The challenge has been to simultaneously achieve capital efficiency, price stability, and decentralization, a combination that has proven difficult to achieve.Numerous attempts have been made to create stablecoins that are both decentralized and capital efficient. However, these efforts often led to significant price fluctuations, causing depegging and collapse. The industry has thus been left with a choice between capital efficiency and decentralization, with price stability being a crucial requirement for any stablecoin's survival and expansion.Ethereum Reserve Dollar is designed to address these challenges. ERD is fully decentralized, providing a safer solution to the dominant centralized and semi-centralized stablecoins in the market. It employs a fully decentralized lending protocol and a robust liquidation mechanism, enabling users to borrow USDE using LSDs and blue-chip DeFi tokens as collateral. The platform secures loans with a Stability Pool containing USDE, which allows for immediate liquidation and bypasses the need for liquidators to prepare USDE or engage in a complex auction process. Furthermore, the protocol's design allows users to borrow at only a 110% collateralization ratio, achieving an ideal combination of decentralization, capital efficiency, and price stability.Notably, ERD also aims to provide greater value as a governance token and introduce widely distributed decentralized assets on the ETH network, addressing limitations observed in similar protocols, such as those of the Liquity Protocol.“Looking back at the collapses of so many failed stablecoins, and the depegging of USDT in 2022 and USDC in 2023, the industry is still searching for a truly decentralized, capital-efficient, and robust solution," said Steve Hopkins, ERD’s CMO. “ERD is this and so much more; it's a solution designed to become a truly decentralized reserve asset on the Ethereum network. We believe ERD offers a significant step forward in blockchain and DeFi technology. We’re thrilled to share it with the world. ”The ERD team will launch their testnet event on June 12, 2023. This event will offer the opportunity to experience the platform's unique features and benefits firsthand, while also entitling early adopters to share in the upside of the project’s growth.The ERD Protocol is set to redefine the stablecoin landscape. With its unique features and benefits, it offers a promising solution for efficient and decentralized lending. The team encourages everyone to participate in the upcoming testnet event and experience the future of DeFi.For more information about the ERD Protocol and its upcoming testnet event, please visit the official website at https://erd.xyz/ and follow the project on Twitter at @Ethereum_ERD.About ERDERD is a decentralized lending protocol that enables users to borrow in USDE, a stablecoin pegged to the US dollar, using LSDs and blue-chip DeFi tokens as collateral. It aims to address the dominance of centralized stablecoins and offer a truly decentralized, capital-efficient alternative. The protocol offers a minimum collateralization ratio of 110% and secures loans with a stable pool containing USDE and other Ethereum-based assets. The benefits of ERD include low-interest rates, high capital efficiency, direct redemptions, and decentralization. Its goal is to become a truly decentralized reserve asset on the Ethereum network.Long live Ethereum Reserve Dollar. On Ethereum, By Ethereum, For Ethereum.For more information and to stay updated please visit:Official website | Twitter | Discord | Whitepaper | GitHubContactCMOSteve HopkinsEthereum Reserve [email protected]

About Ethena USDe?

The live price of Ethena USDe (USDE) today is 1.0016 USD, and with the current circulating supply of Ethena USDe at 2,372,794,749.16 USDE, its market capitalization stands at 2,376,660,806 USD. In the last 24 hours USDE price has moved ? USD or 0.00% while ? USD worth of USDE has been traded on various exchanges. The current valuation of USDE puts it at #50 in cryptocurrency rankings based on market capitalization.

Learn more about the Ethena USDe blockchain network and how it works or follow the price of its native cryptocurrency USDE and the broader market with our unique COIN360 cryptocurrency heatmap.

Ethena USDe Price1.0016 USD
Market Rank#50
Market Cap2,376,660,806 USD
24h Volume1,749,108 USD
Circulating Supply2,372,794,749.16 USDE
Max SupplyNo data
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