Ethena USDe USDE
kraken-usde
Price · USD
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Price history USD
5-minute observations · Times in UTC
About this chart
CoinPaprika aggregated historical prices, sampled at the interval shown above. History stays in USD. CAD and EUR selection applies to current quotes above.
Trading volume · 24h
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Synthetic dollar
Understanding Ethena USDe
USDe is Ethena's dollar-denominated asset. Its design uses crypto-related backing and hedging arrangements rather than simply mirroring a cash deposit.
How to read this asset
USDe and the savings token sUSDe are different positions. Managing market exposure through hedges still leaves funding, execution and counterparty dependencies.
What to check
Review backing composition, custody and redemption conditions. A stable market price does not establish that a synthetic-dollar strategy has the same risk profile as a cash-backed token.
Sources & research notes
Project descriptions explain intended mechanics; they are not independent proof of safety or adoption. This profile belongs to our catalog-ranking snapshot of September 27, 2026. Quotes and news update separately.
Educational research, not a recommendation to buy or sell. Report a correction.
NEWS & CONTEXT
Latest Ethena USDe news
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Details
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