Onchain Marketcap$4.506b
Active Marketcap$4.506b
DeFi Active TVL$2.567b
USDE Price$1
Chains17
Native Yield3.90%
Token Properties
CategoryNon-RWA Stablecoins
Asset ClassSynthetic Stable
TypeAsset
RWA ClassificationRWA
Access ModelPermissionless
Parent PlatformEthena
Classification
KYC to Mint or RedeemIndicates whether minting or redeeming the token through the issuer or primary market requires KYC/AML verification (KYC/KYB/onboarding)
TransferableIndicates whether the token can be transferred freely between on chain addresses
Self CustodyIndicates whether the token can be held in a user controlled wallet
AttestationsIndicates whether the issuer provides periodic attestations or assurance reports regarding reserves or backing
Issuer Information
IssuerEthena Labs, S.A.
Registry InformationEthena Labs, S.A. – Portuguese company limited by shares (sociedade anónima), legal address Rua Presidente Arriaga nº 54, 4º, 1200-773 Lisboa, Portugal, registration authority entity ID 517591111, Legal Entity Identifier (LEI) 894500K29XZNTAWSC539.
Sourcehttps://www.lei-lookup.com/record/894500K29XZNTAWSC539/
Attestations
Date of Last Attestation2025-10-26
Attestation FrequencyMonthly (custodian attestations); Weekly (PoR from Jan 2026)
Notes
- USDe is a synthetic dollar asset designed to target price stability through collateral plus hedged positioning in derivatives markets. Its stability and yield dynamics are tied to hedge performance and the costs and returns available in perpetual and futures markets, creating a return profile that can differ meaningfully from reserve-backed cash-management products.
DeFi Active TVL by Protocol
Protocol | ||
|---|---|---|
| $1.717b | 66.88% | |
| $275.25m | 10.72% | |
| $242.85m | 9.46% | |
| $238.22m | 9.28% | |
| $15.44m | 0.60% | |
| $14.54m | 0.57% | |
| $11.54m | 0.45% | |
| $9.86m | 0.38% | |
| $7.07m | 0.28% | |
| $6.59m | 0.26% |
Native Yield3.90%
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Historical APY from Ethena Labs, S.A.
DeFi Yield Opportunities (8 of 28)
View all 28 →Pool | Project | Chain | ||
|---|---|---|---|---|
| open in new tabUSDE | $423.43m | 0.01% | ||
| open in new tabREUSD | $174.5m | 5.23% | ||
| open in new tabUSDE | $135.19m | 4.21% | ||
| open in new tabUSDE | $106.63m | 5.27% | ||
| open in new tabSRUSDE | $63.71m | 3.03% | ||
| open in new tabREUSDE | $19.67m | 10.28% | ||
| open in new tabUSDE | $1.25m | 2.47% | ||
| open in new tabUSDEFor LP | Maturity 18JUN2026 | $953,059 | 1.33% |
Chains
Arbitrum
Avalanche
Base
BSC
Ethereum
Primary
Fraxtal
Kava
Linea
Manta
Mantle
Mode
Op-Mainnet
Plasma
Scroll
Solana
TON
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