USDe is a synthetic dollar stablecoin issued by Ethena Protocol. It is used as collateral in DeFi applications and for earning yield through staking. The protocol maintains the dollar peg by holding spot crypto assets as collateral while taking offsetting short positions in derivatives markets, creating a market-neutral position that allows USDe to capture funding rate yields without directional price exposure.
DEkqHyPN7GMRJ5cArtQFAWefqbZb33Hyf6s5iCwjEonT4.47B USDe
Current global circulating supply
Current total supply 536.75M USDe
The supply fields have different or unconfirmed scopes; original values are shown separately.
10.06K Holder address count
Top-10 holder share 99.53% · Other 0.47%
Labels on some samples cannot be generalized to all holders.
Holdings by behavior
Address groups may overlap; holding shares cannot be added. The deduplicated union excludes the developer category.
Behavior labels are neither identity verification nor a scam verdict. Missing data does not mean these addresses are absent.
Creator background
6tzUZqC33igPgP7YyDnUxQg6eupMmZGRGKdVAksgRzvkThese counts cover historical token creations and migrations across networks. They do not indicate project quality, investment returns, or migration of this project.
Launch information
Progress, completion and migration are shown separately. Reaching 100% does not replace completion or migration flags.
Launch platform and status are not provided. Launchpad applicability is unknown; this does not mean there is no launch platform.
Supply & current valuation
Holder structure
Address count, not unique users
Public safety status
Not provided
Liquidity, concentration and minting authority are separate research fields. Add personal conditions in Opportunity Screener.
Security Risks →
