- Circulating supply
- $5.30B
- 1D change
- 0.0%
- Yield · 30-day trailing APY
- 10.50%
- NAV
- 1.0000
- Expense ratio
- 0.00%
- Minimum
- $0
- Redemption
- Daily
- Launched
- 01 Dec 2023
Depends onSmart Contracts
Field coverage 100%Primary-source or on-chain verified 100% of tracked metrics1/1 source documents analyst-verifiedLast reconciled 05 Oct 2026
Overview
What this product is
A synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money not reliant on traditional banking system infrastructure.
- Underlying asset
- Delta-neutral crypto collateral
- Asset class
- Stablecoin
- Product structure
- Payment Stablecoin
- Legal structure
- BVI Professional Fund
- Issuer jurisdiction
- Fund domicile
- British Virgin Islands
- Base currency
- USD
- Launched
- 01 Dec 2023
Peer set
Comparable products
Products in the same asset class and currency. Yields are quoted on different bases, so check each one before comparing.
Issuer
Who runs it
Ethena LabsBritish Virgin Islands
Issuer of USDe, a synthetic dollar protocol built on Ethereum.
Portfolio
Composition
- Delta-Neutral ETH/BTC positions100.0%