Ethena USDe Price USDE
Rank #27Ethena USDe (USDE) is a stablecoin, trading at $0.9998 (up 0.01% today) and ranked #27 by market capitalization, as of Mon, 05 Oct 2026 22:00:03 UTC.
- Price: $0.9998 (+0.01% 24h, -0.00% 7d)
- Market cap: $4.94B · rank #27
- All-time high: $1.03 (-3.31%) · Dec 9, 2025
- Circulating supply: 4,937,686,593 USDE
- 24h volume: $57.69M
Ethena USDe Price Chart
Ethena USDe Converter
USDE → USD from CoinGecko; NGN at the Nigerian P2P market rate; other currencies via live FX. Full converter → · USDE in Naira →
How much is Ethena USDe worth?
| Amount | USD | Naira (₦) |
|---|---|---|
| 0.1 USDE | $0.10 | ₦136.47 |
| 0.5 USDE | $0.4999 | ₦682.34 |
| 1 USDE | $0.9998 | ₦1,364.67 |
| 5 USDE | $5.00 | ₦6,823.36 |
| 10 USDE | $10.00 | ₦13,646.72 |
| 50 USDE | $49.99 | ₦68,233.62 |
| 100 USDE | $99.98 | ₦136,467.24 |
Ethena USDe Market Statistics
Ethena USDe Price Performance
| Period | 1h | 24h | 7d | 14d | 30d | 1y |
|---|---|---|---|---|---|---|
| Change | +0.01% | +0.01% | -0.00% | -0.03% | -0.01% | -0.04% |
Ethena USDe Key Statistics
How Ethena USDe Compares
Ethena USDe (USDE) side by side with the market's largest cryptocurrencies.
| Coin | Price | 24h | 7d | Market Cap | Rank |
|---|---|---|---|---|---|
| Ethena USDe USDE | $0.9998 | +0.01% | -0.00% | $4.94B | #27 |
 Bitcoin BTC | $85,971.00 | +0.15% | +2.89% | $1.73T | #1 |
 Ethereum ETH | $2,717.98 | +0.59% | +1.48% | $331.88B | #2 |
 Tether USDT | $1.00 | +0.01% | +0.01% | $184.08B | #3 |
What would Ethena USDe be worth at a bigger market cap?
A hypothetical: USDE's price if it reached today's largest market caps at its current circulating supply. Illustrative only — not a prediction or target.
| If USDE had the market cap of… | Implied USDE price | vs today |
|---|---|---|
| Bitcoin ($1.73T) | $349.85 | 349.9× |
| Ethereum ($331.88B) | $67.21 | 67.2× |
About Ethena USDe
Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate
Categories: Stablecoins · USD Stablecoin · BNB Chain Ecosystem · Solana Ecosystem · Avalanche Ecosystem · Arbitrum Ecosystem
How Ethena USDe Works
Ethena USDe (USDE) is a decentralized stablecoin designed to maintain a 1:1 peg with the US dollar through a combination of derivatives and collateralization strategies.
The project aims to provide a scalable and capital-efficient stablecoin solution by utilizing a dual-token system, where USDE is the stablecoin and the governance token ETHENA is used to manage the protocol and incentivize liquidity provision.
What Moves the Ethena USDe Price
The supply of USDE is influenced by the demand for decentralized stablecoins and the protocol's ability to maintain its peg through various market conditions.
Adoption is driven by the integration of USDE across multiple blockchain ecosystems, including BNB Chain, Solana, Avalanche, and Arbitrum, which expands its use cases in decentralized finance (DeFi) applications.
Market conditions, such as interest rates and overall crypto market sentiment, can affect the demand for stablecoins like USDE.
Regulatory developments related to stablecoins and decentralized finance can also impact the adoption and use of USDE.
The stability and security of the underlying mechanisms, such as the collateralization ratio and the effectiveness of the derivatives strategy, are crucial for maintaining user trust and demand.
Ethena USDe Tokenomics & Supply
Ethena USDe has a circulating supply of 4,937,686,593 USDE with no fixed maximum supply, and a total supply of 4,912,906,360 USDE. Its fully diluted valuation is $4.91B.
Where to Buy Ethena USDe
You can buy Ethena USDe (USDE) on major exchanges such as Binance, Coinbase, Kraken, Bybit and OKX. In Nigeria, USDE is also available via local exchanges and P2P — see our USDE in naira page. Always compare fees and use reputable platforms.
Buy Ethena USDe (USDE) in Nigeria
Ethena USDe priced in Nigerian naira at the P2P market rate — what Nigerians actually pay — alongside the official USD/NGN rate.
One USDE costs about ₦1,369.67 to buy on Nigerian P2P markets and sells for about ₦1,359.67. The P2P USDT/NGN rate (₦1,365) sits 2.5% above the official USD/NGN rate of ₦1,331.28, so dollar-priced crypto effectively carries that spread when you buy with naira.
P2P rates from Nigerian exchanges; spreads vary by amount and payment method. Verify live rates and fees before trading. Not financial advice.
Ethena USDe Markets & Exchanges
Top exchanges where Ethena USDe (USDE) trades, by reputation and 24-hour volume.
| # | Exchange | Pair | Price | Volume (24h) |
|---|---|---|---|---|
| 1 | Bybit | USDE/USDT | $0.9998 | $9.10M |
| 2 | MEXC | USDE/USDT | $0.9998 | $1.29M |
| 3 | Binance | USDE/USDT | $0.9999 | $1.06M |
| 4 | Bybit | USDE/USDC | $0.9999 | $1.06M |
| 5 | Bybit | BTC/USDE | $0.9999 | $788.66K |
| 6 | Binance | USDE/USDC | $0.9998 | $259.24K |
| 7 | Kraken | USDE/USD | $1.00 | $118.81K |
| 8 | Kraken | USDE/EUR | $0.9996 | $112.79K |
| 9 | MEXC | BTC/USDE | $0.9999 | $59.96K |
| 10 | MEXC | ULTIMA/USDE | $0.9999 | $56.69K |
Market data from CoinGecko, ranked by exchange reputation and 24-hour volume. Exchange links open externally — verify fees and terms before trading. Not financial advice.
Ethena USDe in Other Currencies
Related Cryptocurrencies
Ethena USDe FAQ
What is the price of Ethena USDe today?
As of Mon, 05 Oct 2026 22:00:03 UTC, Ethena USDe (USDE) is trading at $0.9998, up 0.01% over the last 24 hours. Its market capitalization is $4.94B, ranking it #27 among all cryptocurrencies.
How much is 1 Ethena USDe worth in USD and Naira?
One USDE is worth $0.9998 — about ₦1,364.67 at the Nigerian P2P market rate as of Mon, 05 Oct 2026 22:00:03 UTC. For example, 0.5 USDE = $0.4999 and 10 USDE = $10.00. Use the converter on this page to price any amount of USDE in USD, Naira or other currencies.
What would Ethena USDe be worth at Bitcoin's market cap?
If Ethena USDe reached Bitcoin's current market capitalization of $1.73T at its present circulating supply, one USDE would be worth about $349.85 — roughly 350× today's price. This is a hypothetical illustration based on market caps, not a prediction or target. Crypto is volatile — not financial advice.
How can I buy Ethena USDe in Nigeria?
You can buy Ethena USDe (USDE) in Nigeria on local exchanges such as Quidax and Busha, or peer-to-peer (P2P). At the current P2P rate, 1 USDE costs about ₦1,369.67, with the P2P naira rate carrying roughly a 2.5% premium over the official USD rate. Compare fees and verification requirements first — see our naira on-ramp comparison. Not financial advice.
What is Ethena USDe's market cap?
Ethena USDe has a market capitalization of $4.94B (rank #27), calculated as its circulating supply of 4,937,686,593 USDE multiplied by the current price of $0.9998.
What is the all-time high of Ethena USDe?
Ethena USDe's all-time high is $1.03, reached on Dec 9, 2025. At $0.9998 today, it is 3.3% below that peak.
How many USDE are there?
Ethena USDe has a circulating supply of 4,937,686,593 USDE with no fixed maximum supply, and a total supply of 4,912,906,360 USDE.
Will Ethena USDe go up? Is it a good investment?
No one can reliably predict whether Ethena USDe will rise or fall — anyone promising guaranteed USDE returns is not trustworthy. Ethena USDe is an established asset, but all crypto is volatile. Research it yourself and only risk what you can afford to lose. This is not financial advice.
Where can I buy Ethena USDe?
You can buy Ethena USDe (USDE) on major exchanges such as Binance, Coinbase, Kraken, Bybit and OKX. In Nigeria, USDE is also available via local exchanges and P2P — see our USDE in naira page. Always compare fees and use reputable platforms.
How does Ethena USDe maintain its peg to the US dollar?
USDE maintains its peg through a combination of derivatives and collateralization strategies, which are designed to ensure stability even during volatile market conditions.
What is the role of the ETHENA governance token?
The ETHENA token is used for governance of the protocol, allowing holders to vote on proposals and changes to the system. It also incentivizes liquidity provision and helps secure the network.
Which blockchain networks support Ethena USDe?
USDE is supported on multiple blockchain ecosystems, including BNB Chain, Solana, Avalanche, and Arbitrum, which allows for broader integration and use in various DeFi applications.
Data from CoinGecko & Binance, source-stamped above. Information only — not financial advice. Crypto is volatile and high-risk.