Overview
Ethena USDe(USDE)
Token Price$1
24h Change-0.011%
All Time HighDec 9, 2025$1.03
All Time LowOct 3, 2024$0.93
Key Metrics
$4.07b
$4.07b
4.071b USDE
Volume 24h$67.52m
CEX Volume$14.97m
DEX Volume$50.09m
Income Statement for USDE
Include incomes from Ethereal Chain
| Q3 2026* | |
|---|---|
Gross Protocol Revenue | $0.11 |
Cost of Revenue | $0 |
Gross Profit | $0 |
Earnings | $0 |
Risks
How much debt can be issued against USDE as collateral across lending protocols.
Maximum possible exposure to USDE
$1.179b
$215.36m (max additional borrows against USDE) + $963.89m (bad debt if USDE was hacked now)
Aave V3
$794.29m at-risk exposure = $658.5m bad debt if hacked + $135.78m additional borrowable against USDE
Morpho V1
$336.47m at-risk exposure = $305.38m bad debt if hacked + $31.09m additional borrowable against USDE
Fluid
$23.32m at-risk exposure = $72.44 bad debt if hacked + $23.32m additional borrowable against USDE
Euler V2
$17.05m at-risk exposure = $5,393.37 bad debt if hacked + $17.04m additional borrowable against USDE
Tydro
$6.76m at-risk exposure = -- bad debt if hacked + $6.76m additional borrowable against USDE
Venus Core Pool
$1.37m at-risk exposure = $106.89 bad debt if hacked + $1.37m additional borrowable against USDE
Lista Lending
$65.11 at-risk exposure = $0 bad debt if hacked + $65.11 additional borrowable against USDE
Methodology and limitations
Showing collateral exposure for USDE on onchain. Max Borrowableuses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
- These metrics describe lending exposure only and are not a full protocol risk rating.
- This view does not include multisigs, timelocks, audits, oracle incidents, listing discussions, curator reports, or protocol backstops.
- Chain-specific drilldown is exact only when the token resolves to a concrete chain:address.
- Bad debt at $0 is a lower bound when some contributing markets return null for zero-price bad debt; null rows are excluded instead of being treated as zero.
Show exposure details
Each row is one protocol-chain exposure for USDE as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Markets
Token Usage
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Liquidations
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Yields
Showing 10 of 30 pools
Borrow
Showing 10 of 75 routes