Ethena USDe price
USDeUSD
Listed
$0.9990USD
+0.08%1D
The price of Ethena USDe (USDe) in United States Dollar is $0.9990 USD.
Bitget offers spot trading for Ethena USDe through the USDe/USDT trading pair. The current price of USDe/USDT is 1.0002, with a 24-hour trading volume of $163,142.68. Ethena USDe has a market capitalization of $4,605,248,326.67 and a circulating supply of 4.61B USDe. Data source: Bitget Exchange. Last updated: 2026-11-03 17:36:56.
Last updated as of 2026-11-03 17:36:56（UTC+0）
USDe/USD price calculator
USDe
USD
1 USDe = 0.9990 USD. The current price of converting 1 Ethena USDe (USDe) to USD is 0.9990. This rate is for reference only.
Bitget offers the lowest transaction fees among all major trading platforms. The higher your VIP level, the more favorable the rates.
GetAgent: Your AI for smarter trading decisions
What news is moving USDe right now?
What could affect USDe's future price?
What should I watch for USDe this week?
Is market sentiment bullish or bearish for USDe right now?
What key levels are traders watching for USDe?
What upcoming events could move USDe's price?
Is there strong buying or selling pressure on USDe right now?
Ask anything on GetAgent
Ethena USDe market info
Price performance (24h)
24h
24h low $124h high $1
All-time high (ATH):
$1.03
Price change (24h):
+0.08%
Price change (7D):
-0.04%
Price change (1Y):
+0.00%
Market ranking:
#19
Market cap:
$4,605,248,326.67
Fully diluted market cap:
$4,605,248,326.67
Volume (24h):
$171,513,497.36
Circulating supply:
4.61B USDe
Live Ethena USDe price today in USD
The live Ethena USDe price today is $0.9990 USD, with a current market cap of $4.61B. The Ethena USDe price is up by 0.08% in the last 24 hours, and the 24-hour trading volume is $171.51M. The USDe/USD (Ethena USDe to USD) conversion rate is updated in real time.
How much is 1 Ethena USDe worth in United States Dollar？
As of now, the Ethena USDe (USDe) price in United States Dollar is valued at $0.9990 USD. You can buy 1USDe for $0.9990 now, you can buy 10.01 USDe for $10 now. In the last 24 hours, the highest USDe to USD price is $0.9993 USD, and the lowest USDe to USD price is $0.9978 USD.
Do you think the price of Ethena USDe will rise or fall today?
Total votes:
Rise
0
Fall
0
Voting data updates every 24 hours. It reflects community predictions on Ethena USDe's price trend and should not be considered investment advice.
Now that you know the price of Ethena USDe today, here's what else you can explore:
How to buy Ethena USDe (USDe)?How to sell Ethena USDe (USDe)?What is Ethena USDe (USDe)What would have happened if you had bought Ethena USDe (USDe)?What is the Ethena USDe (USDe) price prediction for this year, 2030, and 2050?Where can I download Ethena USDe (USDe) historical price data?What are the prices of similar cryptocurrencies today？Want to get cryptocurrencies instantly?
Buy cryptocurrencies directly with a credit card.Trade various cryptocurrencies on the spot platform for arbitrage.The following information is included:Ethena USDe price prediction, Ethena USDe project introduction, development history, and more. Keep reading to gain a deeper understanding of Ethena USDe.
Ethena USDe price prediction
When is a good time to buy USDe? Should I buy or sell USDe now?
When deciding whether to buy or sell USDe, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget USDe technical analysis can provide you with a reference for trading.
According to the USDe 4h technical analysis, the trading signal is Buy.
According to the USDe 1d technical analysis, the trading signal is Sell.
According to the USDe 1w technical analysis, the trading signal is Strong sell.
What will the price of USDe be in 2027?
In 2027, based on a +5% annual growth rate forecast, the price of Ethena USDe(USDe) is expected to reach $1.05; based on the predicted price for this year, the cumulative return on investment of investing and holding Ethena USDe until the end of 2027 will reach +5%. For more details, check out the Ethena USDe price predictions for 2026, 2027, 2030-2050.What will the price of USDe be in 2030?
In 2030, based on a +5% annual growth rate forecast, the price of Ethena USDe(USDe) is expected to reach $1.21; based on the predicted price for this year, the cumulative return on investment of investing and holding Ethena USDe until the end of 2030 will reach 21.55%. For more details, check out the Ethena USDe price predictions for 2026, 2027, 2030-2050.
Learn more about Ethena USDe on Bitget Academy
TON Price Prediction August 2025: Will Toncoin Break $4? Key Levels, DeFi/NFT Catalysts, and Risks
Bitget academy • 2025-08-08 18:14
Ethena USDe: How It Became the World’s #3 Stablecoin
Bitget academy • 2025-08-06 07:58
USDT vs USDC: A Simple Guide for Beginners
Bitget academy • 2025-03-31 10:02
USDC vs USDT: Differences Explained
Bitget academy • 2024-07-19 05:19
Latest Ethena USDe news
See more
You can trade USDe on Bitget
Where is the best place to buy crypto like Ethena USDe (USDe)?
Bitget Insights
Sadiiii
2026/10/27 05:00
$GRVT As of Oct. 25, Circle’s USDC made up around 80% of the net 30-day drop among the 13 largest stablecoins, according to monthly DeFiLlama figures.
Circle’s token lost $4.69 billion in the month.
The 13 tokens lost $5.82 billion in net value. USDC’s market cap was $71.743 billion, down $878.72 million just in the last week.
Tether gives up $1.29 billion and keeps a 60.74% share
The total stablecoin market declined to $300.36 billion on Oct. 25. DeFiLlama data shows it has lost $12.73 billion since May 22.
Tether’s USDT fell less over the month. It had a market cap of $182.423 billion, down $1.29 billion in 30 days, down $990.43 million in 7 days and still possesses 60.74% of the market.
The seven-day shrinkage across the 15 largest stablecoins was about $1.90 billion.
Ethena’s USDe fell $305.61 million over the month. World Liberty Financial’s USD1 declined $444.67 million, or 10.10%.
Falcon’s USDf added $511.16 million, a 42.32% increase, while PayPal’s PYUSD added $239.53 million in the same 30-day period.
Tokenized Treasuries shed $1.55 billion since August
Minting stablecoins generally increases supply, while redeeming them for fiat diminishes it, potentially pulling money that might otherwise have gone into buying Bitcoin or Ether.
Supply grew during the 2020-2021 bull market and shrank after Terra’s collapse in 2022, which just so happened to coincide with a protracted crypto bear market. Bitcoin is trading near $80,000, far off its October 2025 record of around $126,000.
Tokenized U.S. Treasury products like BlackRock’s BUIDL and Ondo’s USDY also shrank, declining from $16.2 billion on Aug. 12 to $14.65 billion on Oct. 25, according to data from rwa.xyz.
Those who hold the Treasury tokens can redeem them to buy stablecoins or risk assets or shift cash back into bank accounts. The combined fall was $1.55 billion.
Standard Chartered postponed its prediction of a $2 trillion stablecoin market from 2028 to 2030. The stall in supply growth is cyclical and tied to weak crypto markets, said Geoffrey Kendrick, the bank’s head of digital assets research, who noted supply has been stuck between $300 billion and $320 billion over the past year.
Circle is also defending the economics of USDC. Cryptopolitan reports that Circle’s October 16 blog post disclosed that ~$819 million, or about 59 cents on the dollar, of the company’s ~$1.4 billion revenue in the first half of 2026 went to firms distributing USDC and to transaction costs.
The post was seen as a reaction to Open USD, a rival token launched June 30 that promises free minting and redemption. The consortium behind Open USD says partners can keep all the interest its reserves earn, minus a small management fee.
The smartest crypto minds already read our newsletter. Want in? Join them.
PYUSD+0.02%
BTC+1.06%
Sadiiii
2026/10/12 02:36
$GRVT Star Xu, CEO of OKX, has raised significant concerns about Binance’s promotion of $USDe during a recent podcast. He characterized $USDe, issued by Ethena, as a ‘tokenized hedge fund’ that presents higher risks than implied through its delta-neutral strategy. His insights suggest that the leverage mechanisms tied to $USDe could lead to serious financial repercussions, particularly in light of the recent ‘1010’ crash. For further details, refer to the tweet by WuBlockchain.
The Key Development
The broader crypto market is currently exhibiting mixed signals, with major assets showing varying momentum. Xu’s remarks come at a time when $USDe is under scrutiny for its leverage strategy, particularly the practice of borrowing USDT against $USDe and using it to generate more $USDe. This cycle could heighten risk exposure for users, leading to potential cascading liquidations similar to those seen during the ‘1010’ crash. Ethena’s partnership with Binance to offer $USDe as a stablecoin also raises questions about risk management practices in the rapidly evolving crypto derivatives space.
$USDe is a stablecoin issued by Ethena, designed to provide users with yield opportunities while maintaining a stable value. However, its structure and the leverage strategies associated with it have attracted scrutiny, especially from prominent figures like Star Xu, emphasizing the need for better risk controls in the sector.
Key Levels to Watch
Traders should closely monitor $USDe’s performance and any developments related to its leverage strategy. The recent comments from Star Xu could influence market sentiment and prompt regulatory scrutiny. As the crypto landscape evolves, understanding the implications of such leverage mechanisms will be crucial for risk management and investment decisions.
USDE+0.02%
GRVT-0.66%
Sadiiii
2026/10/01 01:05
Why the buyback math leads to $2
Once those thresholds are crossed, the $ENA valuation increasingly depends on how much of Ethena’s economics can be directed toward token holders.
The approved framework allocates 95% of qualifying net revenue paid to the Ethena Foundation from covered businesses toward $ENA buybacks. Ethena does not retain the full yield generated by the assets supporting $USDe, making the distinction between gross and net revenue central to the calculation.
Blockworks Advisory’s analysis modeled the protocol’s share of gross revenue increasing with $USDe supply, beginning at about 5% around $7.5 billion and reaching 20% by $20 billion. The model used a 6% protocol yield as an illustrative assumption, not a guaranteed return.
At the much larger scale envisioned by Standard Chartered, those economics become substantial.
The bank estimates that if $USDe reaches $40 billion, $ENA purchases could amount to roughly 23% of the token’s current market value annually if its price remained unchanged.
Standard Chartered does not expect such a percentage to persist. It argues that investors would capitalize the expected stream of purchases into $ENA’s valuation, pushing the token higher and reducing annual buybacks as a percentage of its market capitalization.
The bank points to Uniswap as an analog, saying UNI’s annualized buyback percentage has settled around 3% to 4% as the token appreciated after activating its fee switch. Applying a comparable equilibrium to Ethena underpins Standard Chartered’s $2 target.
But the mechanism introduces its own constraint.
Capturing a larger share of Ethena’s revenue for the protocol can reduce what remains available to sUSDe holders. That creates a balancing act: Ethena needs enough margin to support $ENA purchases while maintaining sufficiently competitive yields to keep attracting the deposits required for $USDe to grow.
The assumptions become more demanding as supply rises. The 6% return used in the framework has not been guaranteed across market cycles, while the higher revenue-capture tiers have yet to be tested at the scale Standard Chartered expects.
That leaves investors with several nearer-term checkpoints before the $2 target becomes relevant. $USDe must first cross the $7.5 billion fee-switch threshold and reclaim its previous peak.
Beyond that, Ethena will have to show that its newer yield strategies can absorb tens of billions of dollars without materially compressing returns. How quickly those thresholds are crossed will determine whether Standard Chartered’s projected buyback engine begins to resemble the one embedded in its valuation model.
$COST
USDE+0.02%
ENA-0.01%
Sadiiii
2026/09/30 11:25
$GRVT Standard Chartered initiated coverage of Ethena's $ENA token on Wednesday with a forecast that it reaches $2.00 by the end of 2028, roughly seven times the level the bank used as its starting point.
The note gives $ENA its first published price target from a global bank, and it rests on one mechanism. In September, Ethena token holders approved a fee switch that routes 95% of net protocol revenue into open-market $ENA purchases. Standard Chartered's case is that as $USDe grows, those purchases get large enough relative to $ENA's market value that the token has to reprice upward for the program to stay affordable.
Global Head of Digital Assets Research Geoffrey Kendrick forecasts $ENA at $0.42 at end-2026, $1.10 at end-2027 and $2.00 at end-2028 in the note, titled "Ethena – A scalable yield-bearing stablecoin." The same report carries Ether at $18,000 and Bitcoin at $300,000 by end-2028, which would leave $ENA outpacing both. The forecast assumes $USDe outstanding grows to $40 billion from $4.9 billion today, against a total stablecoin market the bank sees reaching $2 trillion.
$ENA traded up 22% over seven days and 54% over 30 days, and down 3.3% over 24 hours, according to CoinGecko. Its market value is about $2.5 billion, ranking 43rd.
The 23% Problem
Kendrick's argument runs through a ratio. If $USDe reaches $40 billion and $ENA's price stays where it is, annual buybacks would equal roughly 23% of the token's circulating market value. The bank calls that far too high to be sustained, and concludes the price rises until the buyback share settles at a defensible level.
The comparison is Uniswap, where the fee switch activated in December 2025. Annualized buybacks there have stabilized at 3% to 4% of market value, a level reached partly because $UNI roughly tripled over the same period.
Standard Chartered set a $100 price target on $UNI when it initiated coverage in June.
The bank said this month that the $UNI target may now be too low. Applying Uniswap's equilibrium to Ethena is what produces the 7x.
Buyback Arms at $7.5 Billion
The fee switch passed a Snapshot vote that ran from Aug. 27 to Sept. 2, drawing 17.8 million $ENA in favor, none against, across 88 votes against a 5 million quorum. The Ethena Foundation confirmed the result on the governance forum on Sept. 8.
The approved schedule ties the revenue take rate to $USDe circulating supply: 5% at $7.5 billion, 10% at $10 billion, 15% at $15 billion and 20% at $20 billion. Nothing is bought below the first threshold. $USDe's supply is $4.90 billion, according to DefiLlama, which leaves the program about 53% of growth away from its first purchase.
Standard Chartered's illustrative table extends the schedule to a 25% take rate at $25 billion of $USDe supply and sources it to Ethena. The proposal on the governance forum publishes tiers through $20 billion.
The proposal names the three revenue lines covered by the switch as $USDe savings, Ethena Whitelabel stablecoins and "Ethena [X]," which the Foundation said was launching the following week. Ethena Pay, a savings and payments app built on $USDe, launched on Avalanche on Sept. 1.
Ethena has generated $20.1 million in fees over the past 30 days and $1.05 billion since inception, according to DefiLlama.
USDE+0.02%
ENA-0.01%
USDe/USD price calculator
USDe
USD
1 USDe = 0.9990 USD. The current price of converting 1 Ethena USDe (USDe) to USD is 0.9990. This rate is for reference only.
Bitget offers the lowest transaction fees among all major trading platforms. The higher your VIP level, the more favorable the rates.
USDe resources
Ethena USDe rating
4.4
Tags：
Contracts:
0x5d3a...a52ef34(Arbitrum)
More
What can you do with cryptos like Ethena USDe (USDe)？
Deposit easily and withdraw quicklyBuy to grow, sell to profitTrade spot for arbitrageTrade futures for high risk and high returnEarn passive income with stable interest ratesTransfer assets with your Web3 walletHow do I buy Ethena USDe?
Learn how to get your first Ethena USDe in minutes.
1. Create a free Bitget account.
2. Select a funding method.
3. Buy your target crypto.
How do I sell Ethena USDe?
Learn how to cash out your Ethena USDe in minutes.
1. Create a free Bitget account.
2. Deposit crypto into your Bitget account.
3. Exchange your assets for fiat on the P2P market or for USDT on the spot market.
What is Ethena USDe and how does Ethena USDe work?
Ethena USDe is a popular cryptocurrency. As a peer-to-peer decentralized currency, anyone can store, send, and receive Ethena USDe without the need for centralized authority like banks, financial institutions, or other intermediaries.
See moreGlobal Ethena USDe prices
How much is Ethena USDe worth right now in other currencies? Last updated: 2026-11-03 17:36:56（UTC+0）
FAQ
How do I check and track the last price of Ethena USDe (USDe) on Bitget?
Checking and tracking the last price of Ethena USDe (USDe) on Bitget is easy. Here are the main ways to access real-time price and market depth data:
1. Visit the Bitget crypto price page (the most direct way): You can search for it or go directly to the Bitget Ethena USDe price page (this page). It displays a real-time USDe exchange rate along with market data such as 24h price change, high, low, and trading volume. The page also includes an advanced chart with customizable time ranges, such as 24 hours, 7 days, and 1 year, making it easy to track historical trends and price movements.
2. Visit the Bitget spot/futures trading section (to view the live order book): Log in to your Bitget account, select "Markets" or "Spot/Futures Trading" from the navigation bar, and enter USDe in the trading pair search box to open the corresponding trading pair page (for example, USDe/USDT). There, you can view the live bid and ask prices, recent trades, and depth chart.
3. Track anytime, anywhere with the Bitget app: Download and open the app, search for "Ethena USDe" or "USDe", and add it to your watchlist. This lets you check the latest price on your phone at any time. You can also set custom price alerts and get notified when the price rises above or falls below your target level.
Is the Ethena USDe price data provided by Bitget updated in real time?
The Ethena USDe (USDe) price data on the Bitget crypto price page aggregates real-time Ethena USDe trading prices from major exchanges worldwide (including Bitget), reflecting Ethena USDe's broader market price index. All price-related data on this page is updated in real time.
Millisecond/second-level updates: Core data shown at the top of the page, including the last price, 24-hour price change, 24-hour high and low, is sourced directly from real-time trading engines across major global markets and platforms and updated automatically.
Market depth and price synchronization: Price data is closely aligned with Bitget's spot and futures order books, as well as global aggregated indices, helping ensure that displayed prices reflect current market conditions.
What is the real-time price of Ethena USDe (USDe) today?
The real-time price of Ethena USDe (USDe) is $1. The current market cap is $4,605,248,326.67. Over the past 24 hours, Ethena USDe's trading volume was $171.51M. For the most accurate, up-to-date price data, check the top of this page, where key metrics are updated in real time around the clock, including the last price, 24-hour price change, historical price chart, 24-hour high and low, and more. You can also scroll down for more analysis of today's USDe price, or click the "Trade" button to go to the trading page and view a more detailed live order book and depth chart.
Where can I view the all-time high and price chart for Ethena USDe?
On this page, you can view the all-time high and historical price charts for Ethena USDe (USDe) at any time. The page features advanced charts and data tools, including:
1. Multi-timeframe candlestick chart: Switch between different timeframes, such as 24 hours, 7 days, 1 year, and all-time data, to track short-term price movements and long-term trends.
2. Historical highs, lows, and key market data: View key metrics for USDe, including its all-time high (ATH), all-time low, total market cap, and circulating supply, to gain a comprehensive view of USDe's market performance.
What should beginners know before trading Ethena USDe on Bitget?
Beginners trading Ethena USDe (USDe) on Bitget should pay close attention to the following key points:
Risk warning: Crypto markets can be highly volatile, with prices affected by macroeconomic conditions, market sentiment, and other factors. Consider your own risk tolerance when allocating your assets, invest responsibly, and avoid blindly following market trends.
Transaction fees: When trading spot or futures on Bitget, transaction fees may vary depending on your VIP level and whether you use BGB to pay transaction fees. We recommend reviewing the current fee schedule before trading to better manage your trading costs.
Getting started: If you're new to crypto trading, we recommend visiting Bitget Academy or the Help Center. There, you'll find step-by-step tutorials and video guides covering everything from account sign-up and identity verification to asset security and placing trades, helping you get started quickly.
Related asset prices
Top tokenized stocks (rToken)
Popular tokenized stocks (rToken)
Popular coins
Coins with similar market cap
Recently added coins
Kor Protocol price in USD
iShares Semiconductor ETF (Derivatives) price in USD
Gilead Sciences, Inc (Derivatives) price in USD
Super Inu (superinuerc20.vip) price in USD
NuScale Power Corporation Class A (Derivative) price in USD
Occidental Petroleum Corporation (Derivative) price in USD
Amgen Inc (Derivative) price in USD
MercadoLibre Inc (Derivative) price in USD
Intercontinental Exchange Inc (Derivatives) price in USDCaterpillar price in USDPrices of newly listed coins on Bitget
Hot promotions
Where can I buy Ethena USDe (USDe)?
Video section — quick verification, quick trading
How to complete identity verification on Bitget and protect yourself from fraud
1. Log in to your Bitget account.
2. If you're new to Bitget, watch our tutorial on how to create an account.
3. Hover over your profile icon, click on “Unverified”, and hit “Verify”.
4. Choose your issuing country or region and ID type, and follow the instructions.
5. Select “Mobile Verification” or “PC” based on your preference.
6. Enter your details, submit a copy of your ID, and take a selfie.
7. Submit your application, and voila, you've completed identity verification!
Buy Ethena USDe for 1 USD
A welcome pack worth 6200 USDT for new Bitget users!
Buy Ethena USDe now
Cryptocurrency investments, including buying Ethena USDe online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Ethena USDe, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Ethena USDe purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.
