Name: Ethena USDe stablecoin supply
Creator: DefiLlama

Ethena

Track Ethena stablecoin market cap, peg stability, chain distribution, and reserves on DefiLlama.

Ethena Stablecoin Data & Reserves - DefiLlama

Abracadabra Bridge

Ad Astra Portal

Allbridge

Arbitrum L1 Custom Gateway

Avalanche Bridge

Avalanche Bridge (Old)

Axelar

Aztec

Base Bridge

Bittorrent Bridge

Boba Gateway

BSC Bridge

Cake DeFi

Canto

Chainlink Bridge

Celer cBridge

Circle xReserve

DEUS Bridge

ShadowTokens

Elixir Bridge

Elysium

EVODeFi

Fuse Bridge

Gnosis Chain OmniBridge

Horizon Bridge by Harmony

HECO Chain Bridge

ioTube V5

Natively Issued

KAI Bridge

Kava

Kucoin Bridge

Lago Finance

LayerZero

Loopring

Metis Andromeda Bridge

Moss

Multichain Bridge

NEAR Rainbow Bridge

Nomad

Octus Bridge

OKX Bridge

Optics Bridge

Optimism Bridge

Orbit Bridge

Meter Passport

Polygon PoS Bridge

PolyNetwork

Ronin Bridge

RSK Token Bridge

Stargate

StarkGate

Synapse Bridge

Terra Shuttle Bridge

Arken Bridge

TrueUSD

WanBridge

Waves Exchange

Portal by Wormhole

Wrapped

zkSync

Ethereum

Plasma

Robinhood Chain

Base

Solana

Monad

Avalanche

Mantle

X Layer

Berachain

Hyperliquid L1

Arbitrum

Stellar

Morph

Zircuit

MegaETH

OP Mainnet

Fraxtal

Linea

ZKsync Era

Scroll

Manta

Movement

Mode

Metis

Tempo

Tron

Blast

Anubis

Swellchain

Circulating

Ethereum enabled crypto-native synthetic dollar which provides an embedded yield to users and achieves price stability through delta-neutral hedging across centralized and decentralized venues

Ethena enables users to deposit either USD,  Ethereum or liquid staking tokens as collateral to create USDe. Stability is ensured through delta-neutral hedging process across centralized and decentralized exchanges.

Ethena USDe

As of Nov 12, 2026, Ethena USDe (USDe) has a market cap of $4.904b across 31 chains, most of it on Ethereum ($2.884b).

USDtb is a digital dollar, otherwise known as a USD stablecoin. USDtb can be used the same way a holder would use any other dollar, whether to send and receive payments, acquire and trade assets, or to simply hold dollars.

The mint and redeem contract is a smart contract defining the operations for minting and redeeming USDtb tokens based on cryptographically signed orders controlled by a single admin. EIP-712 and EIP-1271 are the signing methods currently supported. The price present in any mint/redeem orders is determined by an off-chain RFQ system, which a benefactor may accept by signing an order and submitting it to the USDtb RFQ server

Ethena USDtb

As of Nov 12, 2026, Ethena USDtb (USDTB) has a market cap of $446.6m across 2 chains, most of it on Ethereum ($416.91m).

Name	Bridge
Ethereum (ETH)		0.00%	-0.63%	+15.01%	+16.34%	2.884b
Plasma (XPL)	LayerZero	100%	-0.37%	-8.13%	-11.90%	509.58m
Robinhood Chain	LayerZero	100%	+0.02%	+2.02%	+0.23%	371.15m
Base	LayerZero	100%	-4.39%	-11.93%	-8.94%	357.42m
Solana (SOL)	LayerZero	100%	-1.50%	-5.24%	-39.85%	281.29m
Monad (MON)	LayerZero	100%	-0.51%	-3.69%	+5.13%	120.47m
Avalanche (AVAX)		100%	+2.33%	+106%	+854%	100.25m
TON (GRAM)	LayerZero	100%	>-0.0001%	+0.74%	-49.33%	85.7m
BSC (BNB)	LayerZero	100%	+0.01%	+0.02%	+0.00%	78.4m
Mantle (MNT)	LayerZero	100%	<0.0001%	-0.48%	-20.41%	65.66m
X Layer	LayerZero	100%	+0.14%	+93.17%	+50,738,456%	31.97m
Berachain (BERA)	LayerZero	100%	-0.06%	-1.16%	-12.29%	11.38m
Hyperliquid L1 (HYPE)	LayerZero	100%	+0.42%	+1.12%	-13.22%	6.53m
Arbitrum (ARB)	LayerZero	100%	-0.55%	-2.48%	-6.29%	1.81m
Stellar (XLM)	Ethena	100%	>-0.0001%	+136%		590,095.63
Morph (-)	LayerZero	100%	-0.00%	-0.00%	+0.00%	78,424.58
Zircuit (ZRC)	LayerZero	100%	+0.00%	+0.00%	+0.00%	66,721.33
MegaETH (MEGA)	LayerZero	100%	+0.00%	-1.55%	-81.77%	60,380.43
OP Mainnet (OP)	LayerZero	100%	+0.00%	-24.08%	-24.09%	18,915.22
Fraxtal (FRAX)	LayerZero	100%	+0.00%	-0.10%	-65.54%	10,569.25
Linea (LINEA)	LayerZero	100%	-0.00%	-0.00%	-0.00%	6,486.86
ZKsync Era (ZK)	LayerZero	100%	-0.00%	-0.00%	-0.00%	2,568.99
Scroll (SCR)	LayerZero	100%	-0.01%	-0.01%	-0.01%	1,953.77
Manta (MANTA)	LayerZero	100%	+0.01%	+0.01%	+0.01%	1,749.24
Ink	LayerZero	100%	+0.03%	+0.97%	-98.35%	1,072.28
Movement (MOVE)		0.00%	+0.02%	+13.18%	-95.14%	1,023.18
Mode (MODE)	LayerZero	100%	-0.02%	-0.02%	-0.02%	974.77
Metis (METIS)	LayerZero	100%	+0.00%	+0.00%	+0.00%	372.02
Kava (KAVA)	LayerZero	100%	-0.10%	-0.10%	-0.10%	139.86
Tempo		0.00%	+1.16%	+1.16%	+1.16%	22.26
Tron (TRX)	LayerZero	100%	-7.52%			3.7
Blast (BLAST)					-100.00%	0
Anubis	LayerZero					0
Swellchain						0

Stablecoin

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Stablecoin usage by chain

StablecoinEthena USDe (USDe)

Stablecoin information

Stablecoin usage by chain

Stablecoin