Ethena USDe vs POL (ex-MATIC)

Ethena USDe is a stablecoin liquidity rail with $4.94B in market cap, while POL (ex-MATIC) is a POL market beta asset with $1.28B. The useful comparison is market role, liquidity, seven-day direction, and which follow-up page gives the cleaner next decision.

Snapshot comparison. USDE data as of Sep 27, 2026, 1:20 AM UTC; POL data as of Sep 27, 2026, 1:20 AM UTC. Mixed CoinGecko and fallback snapshot. Values can differ in age and are not executable quotes. Data methodology.

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Comparison Table

What changes between USDE and POL.

Compare market role and supply as well as unit price. Reported trading volume is not the amount you can execute at the displayed price. This table is a research aid, not a recommendation.

Question	Ethena USDe	POL (ex-MATIC)
Market role	stablecoin liquidity rail	POL market beta asset
Price	$0.999644	$0.120209
Market cap	$4.94B	$1.28B
24h volume	$60.32M	$109.7M
7d change	+0.01%	+13.90%
Relative size	Ethena USDe is 3.87x POL (ex-MATIC)'s market cap	POL (ex-MATIC) is 0.26x Ethena USDe's market cap
Volume comparison	Ethena USDe trades at 0.55x POL (ex-MATIC)'s 24h volume	POL (ex-MATIC) trades at 1.82x Ethena USDe's 24h volume