USDe
USDe/USD price action, 0 candles at 15m. Data refreshes on every page load.
What is USDe?
USDe is a token trading on Ethereum at $0.9976, with a market capitalisation around $4.07B. Its main pool holds $34.24M of liquidity on Curve, paired against FRAX. Over the last 24 hours USDe has gained +0.50% on $129.7K of trading volume across 69 transactions.
The pair was created 2.7 years ago (Jan 2, 2024). Price, liquidity and volume on this page are read directly from on-chain pool data.
The story behind USDe
Ethena is a delta-hedged synthetic dollar with native crypto yield derived from staking and perpetual funding rate
Official channels, straight from the project:
USDe price performance
| Period | Change |
|---|---|
| 24 hours | +0.50% |
| 7 days | +0.04% |
| 30 days | +0.24% |
| From ATH ($1.1) | -9.71% |
| From ATL ($0.9678) | +3.08% |
USDe history: the key events, on-chain
USDe tokenomics and supply
Both addresses link straight to Etherscan. Every figure in this table is read from the chain and you can verify it there.
Market cap and fully diluted valuation are close, so most of the supply is already circulating.
USDe on-chain data, signal by signal
We are not auditors and we do not certify any token as safe. What follows are measurable facts read from the chain, each one stated so you can check it yourself. The index simply summarises them into a number: USDe sits at 99/100. Every threshold and penalty behind that figure is published in full on our methodology page.
USDe contract checks, reported by GoPlus Security
These checks come from GoPlus Security, an independent contract scanner. We publish their reading, we do not produce it.
What moves the USDe price?
USDe is a Ethereum token, so its price is set entirely by what happens in its liquidity pools rather than by any order book. Volume is low relative to the $34.24M sitting in the pool, so the price can stay flat for long stretches and then jump when a single sizeable order arrives. The main drivers are the depth of that pool, how concentrated the holder base is, general Ethereum market conditions, and social attention. For a token with a A grade, position size discipline matters more than any price prediction.
USDe to USD converter and price calculator
| USDe | USD |
|---|---|
| 2 USDe | $2 |
| 20 USDe | $20 |
| 200 USDe | $200 |
| 2,000 USDe | $2.0K |
| 20,000 USDe | $20.0K |
| USD | USDe |
|---|---|
| $10 | 10.02 USDe |
| $100 | 100.24 USDe |
| $1,000 | 1,002 USDe |
| $10,000 | 10,024 USDe |
| $100,000 | 100,240 USDe |
USDe markets and top pools
| Pool | DEX | Liquidity | 24h volume |
|---|---|---|---|
| USDe / FRAX | Curve | $33.90M | $497.9K |
| USDe / USDT 0.005% | Uniswap V4 Ethereum | $3.02M | $3.69M |
| USDe / USDC 0.003% | Ekubo V3 Ethereum | $973.5K | $9.71M |
| USDe / USDC 0.01% | Uniswap V3 | $2.30M | $1.73M |
| USDe / USDC 0.003% | Uniswap V4 Ethereum | $610.5K | $6.22M |
| MNT / USDe 0.3% | Uniswap V3 | $3.28M | $884.8K |
| USDe / USDT | Fluid Ethereum | $1.65M | $706.0K |
| USDe / USDtb | Fluid Ethereum | $1.59M | $139.4K |
Liquidity spread across several pools generally means a healthier market: a single pool is easier to drain or manipulate than four.
How to buy USDe
- Get a Ethereum wallet. Install MetaMask or Rabby and fund it with ETH.
- Open a DEX. USDe trades mainly on Curve. Paste the contract address rather than searching the ticker: names can be copied by scam tokens.
- Verify the contract. Check it against the address on this page:
0x4c9edd5852cd905f086c759e8383e09bff1e68b3You can open that address on Etherscan and confirm supply, holders and transfers yourself instead of taking our word for it. - Set slippage sensibly. With $34.24M of liquidity, moderate orders should fill without extreme slippage, but size still matters.
- Confirm and review. After the swap, verify the tokens landed and that you can sell a small amount back. If a sell fails, treat it as a honeypot.
USDe versus other Ethereum pairs
| Token | Price | 24h | Liquidity | Score |
|---|---|---|---|---|
| USDe (this page) | $0.9976 | +0.50% | $34.24M | A 99 |
| AUSD price | $1 | +0.14% | $34.40M | B 82 |
| PEPE price | $0.000003754 | +6.05% | $28.27M | B 82 |
| PONS price | $0.05185 | +1.36% | $26.13M | B 82 |
| WBTC price | $77,061.26 | +0.46% | $42.59M | B 82 |
| reUSD price | $1.1 | +0.03% | $24.97M | B 82 |
Is USDe holding its peg?
USDe is designed to track a currency rather than to appreciate, so the useful question is not where the price is going but how tightly it is holding. Right now it trades at $0.9976, gained +0.50% over 24 hours.
What that means in practice: a peg is only as good as the pool behind it. This pair holds $34.24M of liquidity and traded $129.7K in the last 24 hours. Liquidity is what absorbs a large redemption without the price slipping, so a thin pool can show a clean price right up until somebody actually tries to exit through it. The numbers on this page are read from that pool, not from an issuer's dashboard.
A stable price is not a guarantee of backing. What the chain can show you is depth and turnover; what it cannot show you is the reserve behind the token. For that, check the issuer's own attestations.
How to trade USDe safely
- Size against liquidity, not conviction. The pool holds $34.24M. A trade worth more than roughly 1% of that will move the price against you.
- Test the exit first. Buy a small amount, then immediately sell part of it. Tokens that block sells are the single most common trap.
- Watch the buy/sell balance. Currently 30 buys against 39 sells in 24 hours. A rough balance between the two suggests the market functions in both directions.
- Check the age. This pool was created 2.7 years ago. Most rug pulls happen within the first hours of a pool going live.
- Never invest more than you can lose. Low-cap tokens can go to zero, and frequently do.
USDe FAQ
What is the price of USDe today?
USDe (USDe) trades at $0.9976, gained +0.50% over the last 24 hours.
What do the on-chain numbers say about USDe?
We are not auditors and do not certify tokens. Measured from the chain, USDe sits at 99 out of 100 on our on-chain health index, computed from liquidity, volume quality, buy/sell balance and pair age. No mechanical red flags were detected, which is not a guarantee of safety.
How much liquidity does USDe have?
The tracked pool holds $34.24M of liquidity. Liquidity determines how much you can trade before moving the price and how easily you can exit.
Where can I buy USDe?
USDe trades on Ethereum, mainly through Curve, across 20 tracked pools. Always paste the contract address instead of searching by ticker.
What is the 24 hour trading volume of USDe?
USDe has traded $129.7K in the last 24 hours across 69 transactions, split 30 buys and 39 sells.
When was USDe launched?
The tracked USDe pool was created 2.7 years ago, on Jan 2, 2024.
What is the all-time high of USDe?
The highest daily price on record is $1.1, reached on Mar 22, 2026. USDe currently trades -9.71% from that level.
What is the all-time low of USDe?
The lowest daily price on record is $0.9678, on Jun 7, 2026, putting the current price +3.08% above it.
What is the contract address of USDe?
The USDe contract address on Ethereum is 0x4c9edd5852cd905f086c759e8383e09bff1e68b3. Check it against the address published by the project itself before buying: tickers and names are copied freely, the address is the only thing that identifies a token. This page links it straight to the block explorer so you can verify supply, holders and transfers yourself.
Could USDe be a honeypot?
Sells are going through (39 in the last 24 hours), which means the token is not blocking exits at this time. Always test a small sell first.
Keep exploring Ethereum
Traders looking at USDe also open AUSD, PEPE, PONS, WBTC, reUSD.