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USDT rank #3 USDE rank #26 Asset comparison

Asset vs asset

Tether vs Ethena USDe

Tether is a stablecoin liquidity rail with $183.78B in market cap, while Ethena USDe is a stablecoin liquidity rail with $4.94B. The useful comparison is market role, liquidity, seven-day direction, and which follow-up page gives the cleaner next decision.

Snapshot comparison. USDT data as of ; USDE data as of . Mixed CoinGecko and fallback snapshot. Values can differ in age and are not executable quotes. Data methodology.

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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 Tether Ethena USDe
Market role stablecoin liquidity rail stablecoin liquidity rail
Price $0.999815 $0.999644
Market cap $183.78B $4.94B
24h volume $34.51B $60.32M
7d change +0.02% +0.01%
Relative size Tether is 37.19x Ethena USDe's market cap Ethena USDe is 0.03x Tether's market cap
Volume comparison Tether trades at 572.18x Ethena USDe's 24h volume Ethena USDe trades at 0.00x Tether's 24h volume

Verify source records: Tether on CoinGecko and Ethena USDe on CoinGecko. Read the risk disclosure.

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