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Ethena USDe USDe |
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$0.9985968 |
-0.06% (24h) |
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Marketcap |
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$4,524,143,826 |
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Volume 24h |
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$149,378,445 |
Description
Ethena (USDe) is a "synthetic dollar" protocol that aims to provide a decentralized and censorship-resistant stablecoin that does not rely on traditional banking infrastructure. It achieves its stability through a unique delta-neutral hedging strategy using staked ETH and short futures positions on centralized exchanges. This model allows USDe to generate a native "yield" for its holders while maintaining a 1:1 price peg with the US Dollar. Ethena’s mission is to provide a "digital-native" alternative to fiat-backed stablecoins, offering a global and transparent financial instrument for the crypto-native economy.