Overview
Ethena USDe(USDE)
Token Price$1
24h Change-0.0089%
All Time HighDec 9, 2025$1.03
All Time LowOct 3, 2024$0.93
Key Metrics
$4.07b
$4.07b
4.072b USDE
Volume 24h$64.89m
CEX Volume$15.86m
DEX Volume$51.28m
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
$1.182b
$217.19m (max additional borrows against USDE) + $964.55m (bad debt if USDE was hacked now)
Aave V3
$794.94m at-risk exposure = $659.16m bad debt if hacked + $135.79m additional borrowable against USDE
Morpho V1
$338.31m at-risk exposure = $305.39m bad debt if hacked + $32.92m additional borrowable against USDE
Fluid
$23.18m at-risk exposure = $72.45 bad debt if hacked + $23.18m additional borrowable against USDE
Euler V2
$15.52m at-risk exposure = $5,393.53 bad debt if hacked + $15.51m additional borrowable against USDE
Tydro
$8.42m at-risk exposure = -- bad debt if hacked + $8.42m additional borrowable against USDE
Venus Core Pool
$1.37m at-risk exposure = $106.78 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
An is required to view token usage.
Liquidations
An is required to view token liquidations.
Yields
Showing 10 of 30 pools
Borrow
Showing 10 of 75 routes