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Stablecoin

Ethena USDe (USDE)

Reference price from DEX pools, via DexScreener · as of 8 Sep 17:09 UTC Method
$0.9999
−0.01% 1D

Peg

USDE vs $1.00 · Latest: 3 minutes ago
+10 bp +5 -5 -10 bp $1.00 $0.9999 9 AUG 24 AUG 8 SEP Source: TheDistributed · as of 8 Sep 2026
Peg now $0.9999 · -1.3 bp
Worst deviation · 30d +4.8 bp · 12 Aug

On-chain reference price measured against $1.00 — own methodology, no issuer data. As of 17:09 UTC. Method

Supply & valuation

How these are computed
Circulating supply 4.00B USDE
Total supply 4.43B USDE

This asset's circulating supply (and any valuation computed from it) is carried from a named source rather than our own chain read: Powered by CoinStats.

Tracked DEX liquidity $99.0M

Holders & concentration

Data via Blockscout · as of 8 Sep 2026
Top 10 wallets hold 95.9% of supply
Top 50 wallets hold 99.3% of supply

Concentration is the standard due-diligence read on attention-driven assets: the fewer wallets control the supply, the more one seller can move the price. Exchange wallets pool many customers, so labelled exchange rows are not single holders.

Largest holders

0x5d3a1F…ef34 · Ethena: USDe Bridge 43.6%
0x9D39A5…3497 · sUSDe Token 31.4%
0x4F5923…DECF · Aave: aEthUSDe Token 9.2%
0xF97781…aceC · Binance: Hot Wallet 20 2.8%
0x33AE83…c74C · Bybit: Deposit Address 2.3%
0x3CC936…CF18 · MEXC: Hot Wallet 2.2%
0x63beE4…0936 · Bybit: Deposit Address 2.1%
0x4865d4…4106 · Bybit 19 1.1%
0x7FC7c9…3425 · Ethena: USDe Silo 0.7%
0x5a52E9…Efcb · Binance: Hot Wallet 0.5%

USDE — frequently asked questions

From live data

What is Ethena USDe's supply?

Ethena USDe has a circulating supply of 4.00B USDE and a total supply of 4.43B USDE. This asset's supply can't be read from the chain in a single call, so the circulating figure is data powered by CoinStats rather than our own chain read — labelled as such on this page.

How is the USDE price here computed?

The USDE price on this page is TheDistributed's own reference price: we take DEX pool prices from DexScreener and weight them by pool liquidity, rather than using an exchange feed. The full method and labels are documented on our methodology page.

Does Ethena USDe have a market cap?

No market cap is shown for Ethena USDe. It is a stablecoin, and stablecoin supply figures are issuer claims rather than on-chain facts we can verify, so this page reports no market cap at all.

Is Ethena USDe its own blockchain?

No — Ethena USDe (USDE) is a stablecoin issued on a host blockchain rather than a native coin. We track it by its verified canonical contract, and its on-chain figures are read from that contract.

Answers are generated from the live figures on this page — our own reference price — and update as the data does.