Ethena USDe
About Ethena USDe
Ethena is a synthetic dollar protocol built on Ethereum, offering a crypto-native solution not reliant on the traditional banking system. Ethena's synthetic dollar, USDe, provides a robust, scalable, and censorship-resistant solution for money through delta-hedging staked Ethereum collateral. Ensuring peg stability, it utilizes delta hedging derivatives positions against the protocol-held collateral with a mint and redeem arbitrage mechanism. Ethena also introduces the 'Internet Bond', a dollar-denominated savings instrument accessible globally.
In the last hour, Ethena USDe's price has seen a change of 0.00%, and over the past 24 hours, its price has moved by -0.01%. Over the previous week, Ethena USDe's price has moved by 0.00%. The current price of Ethena USDe is AED 3.6715, accompanied by a trading volume of 125.2M in the last day. Ethena USDe's price is currently 3.40% below its all-time high of AED 3.8008, which remains the highest price Ethena USDe has achieved since its launch. The circulating supply of Ethena USDe stands at 4.944B, translating to a total market capitalization of 18.15B.
Market stats
Frequently asked questions
What is a Ethena USDe wallet?
A Ethena USDe wallet is where you can securely store Ethena USDe. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.
What is a Ethena USDe address?
A Ethena USDe address is a string of unique characters that is tied to your Ethena USDe wallet. The address functions just like a bank account number and it is what you use in order to send Ethena USDe from your wallet, or to receive Ethena USDe to your wallet.
What are the most popular cryptocurrencies besides Ethena USDe?
Besides Ethena USDe, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.
What will the price of Ethena USDe be in next 5 years?
Price predictions for Ethena USDe over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.
Is trading Ethena USDe taxable?
Trading Ethena USDe may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.
What is Ethena USDe's ATH?
Ethena USDe’s all-time high (ATH) was AED 3.8008 on 17 Feb 2024. This represents the highest recorded market price of the asset to date.
When will Ethena USDe be available on Rain?
We’re always working to expand our listed assets. While we can not provide a specific listing date for Ethena USDe just yet, stay tuned for updates by following us on our official social channels like X.
What is the market cap of Ethena USDe?
With a market capitalization of 18.15B, Ethena USDe is ranked 26 among other crypto assets.
What is the all-time high of Ethena USDe?
The highest valuation of Ethena USDe since its launch was at AED 3.8008, marking its all-time high.
What is the 24-hour trading volume of Ethena USDe?
The trading activity of Ethena USDe over the last 24 hours was at 125.2M, highlighting its liquidity in the market.
How many Ethena USDe are there in circulation?
There are approximately 4.944B units of Ethena USDe currently in circulation, affecting its market dynamics.
What is the relative popularity of Ethena USDe?
Ethena USDe market cap is around 18.15B.
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