Ethena USDe (USDe) is a cryptocurrency that operates on the Ethereum platform and is categorized as a stablecoin.

What are the technical characteristics of Ethena USDe?

Ethena USDe is categorized as a stablecoin, asset-backed stablecoin, and USD stablecoin, and is integrated within various ecosystems such as Binance and Eigenlayer.

What are the risks associated with transferring Ethena USDe?

Digital asset prices can be volatile. Users should verify contract addresses, ensure secure private-key handling, and be aware of risks associated with centralized platforms.

How can I verify the acquisition of Ethena USDe?

Verify the asset name, network, and contract details before transferring. Ensure the destination address is correct and review custody methods.

Where can I find official resources for Ethena USDe?

Official resources for Ethena USDe can be found on their website at https://ethena.fi/.

What are the documented use cases for Ethena USDe?

USDe is integrated across major centralized exchanges and on-chain venues, offering better collateral utility and capital efficiency.

Ethena USDe (USDe)

Rank #19

Market snapshot

Price: $0.999708
Market cap: $4.1B
24h volume: $57.2M
Circulating supply: 4,081,919,908.1771
Total supply: 4,081,919,908.1771
Max supply: N/A

What is Ethena USDe?

Ethena USDe (USDe) is a cryptocurrency that operates on the Ethereum platform. It serves as a stablecoin, which means it is designed to maintain a stable value, typically pegged to the US dollar. This stability is achieved through various mechanisms that ensure its value does not fluctuate significantly, making it suitable for transactions and as a medium of exchange.

Key information

Symbol: USDe
CMC rank: #19
Network / platforms: Arbitrum, Base, BNB Smart Chain (BEP20), Ethereum
Categories: N/A
Date added: Feb 20, 2024

Contract address

Contract addresses are stored from CoinMarketCap metadata and are shown as recorded. CoinLoom does not independently certify them as official.

Arbitrum
0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34
Base
0x5d3a1Ff2b6BAb83b63cd9AD0787074081a52ef34
BNB Smart Chain (BEP20)
0x5d3a1ff2b6bab83b63cd9ad0787074081a52ef34

Key characteristics

Ethena USDe is categorized under several labels, including stablecoin, asset-backed stablecoin, and USD stablecoin. It is also integrated within various ecosystems such as Binance, Eigenlayer, and MegaETH. The asset is designed to be utilized across multiple blockchain platforms, enhancing its accessibility and usability.

Documented uses

USDe is integrated across every major centralized exchange, custodian, and on-chain venue, providing partners and users with improved collateral utility and a more capital-efficient dollar from day one.

Official resources

Risks

Digital asset prices can be volatile and can change materially. Users should verify the contract address and network before transferring assets. Self-custody requires secure private-key and recovery-phrase handling. Centralized platforms can involve operational, custody, and counterparty risk. Availability and regulatory treatment can vary by jurisdiction. Transaction finality and reversibility can differ by network.

Transfer and custody notes

Verify the asset name, network, and any supplied contract details before transferring. Verify destination address and network before sending assets. Review the custody method, including self-custody versus a third-party platform. Understand that transfers may be irreversible and that CoinLoom does not confirm exchange availability.

FAQ

What is Ethena USDe?: Ethena USDe (USDe) is a cryptocurrency that operates on the Ethereum platform and is categorized as a stablecoin.
What are the technical characteristics of Ethena USDe?: Ethena USDe is categorized as a stablecoin, asset-backed stablecoin, and USD stablecoin, and is integrated within various ecosystems such as Binance and Eigenlayer.
What are the risks associated with transferring Ethena USDe?: Digital asset prices can be volatile. Users should verify contract addresses, ensure secure private-key handling, and be aware of risks associated with centralized platforms.
How can I verify the acquisition of Ethena USDe?: Verify the asset name, network, and contract details before transferring. Ensure the destination address is correct and review custody methods.
Where can I find official resources for Ethena USDe?: Official resources for Ethena USDe can be found on their website at https://ethena.fi/.
What are the documented use cases for Ethena USDe?: USDe is integrated across major centralized exchanges and on-chain venues, offering better collateral utility and capital efficiency.

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