Sitelet https://ethena.fi/

Digital Dollars
for the Internet Economy

Avg sUSDe APY

Total Rewards Distributed

Total Supply

The Holy Grail:
Internet Money

Global instant access to a reward accruing asset.

sUSDe APY data is an average from January 1st 2024 to the present which is based upon weekly data reported by Ethena which assumes no net stake/unstake activity during reward vesting periods.

  • sUSDe

    sUSDe APY
  • Fintech

    Fintech APY
  • Treasuries

    Treasuries APY
  • Banks

    Banks APY
Highest Rewards Rate. Since launch, Ethena has been able to deliver industry leading rates. Ethena has established a new benchmark for capital productivity across digital dollars.

Work with the fastest growing digital dollar issuer

Highest Rewards Rate

Since launch, Ethena has been able to deliver industry leading rates. Ethena has established a new benchmark for capital productivity across digital dollars.

Integrations Built for User Success

USDe is integrated across every major centralised exchange, custodian, and onchain venue - giving partners and users access to better collateral utility, and a more capital-efficient dollar from day one.

Globally Accessible

Hold and stake USDe, providing global access to the world's best synthetic dollar product and its industry leading savings rates.

Where you can start earning today

Binance

Binance is the world’s largest cryptocurrency exchange by trading volume, providing spot, derivatives, and a wide range of digital asset services to users across global markets.

TVL

$305M

Bybit

Bybit is one of the largest crypto derivatives exchanges globally, offering deep liquidity across perpetuals, spot, and options markets for both retail and institutional traders.

TVL

$552M

Coinbase

Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency, helping users easily and securely invest, spend, save, earn, and use crypto.

TVL

$392M

Robinhood

Robinhood is a leading US financial platform that has brought investing to millions of retail customers, offering commission-free trading across stocks, options, and crypto.

TVL

$337M

MEXC

MEXC is a global cryptocurrency exchange offering an extensive selection of spot and derivatives markets, known for its broad token listings and deep liquidity across both established and emerging digital assets.

TVL

$138M

Kraken

Kraken is one of the longest-standing cryptocurrency exchanges, known for its emphasis on security, regulatory compliance, and broad coverage of digital asset and fiat trading pairs.

Deribit

Deribit is a leading venue for crypto options and futures, offering institutional-grade derivatives infrastructure with deep liquidity across Bitcoin and Ethereum markets.

Upbit

Upbit is South Korea’s largest cryptocurrency exchange and a major liquidity hub for the Asian market, supporting spot trading across hundreds of digital assets.

Unparalleled Transparency

Protocol Backing Ratio

Time below $0.997

24/7 Mint/Redeem Availability

  • Real-Time Backing Assets

    View information in real-time about the backing assets of USDe.

  • SOC 2 Type II Audit

    An independent audit of Ethena’s operational security controls, with zero exceptions noted.

  • Proof of Reserves & Attestations

    Independent verification of the allocation and value of backing assets held with custodians.

Ethena

Savings technology for the world

Ethena - Digital Dollars for the Internet Economy