Ethena USDe risk checklist

Ethena USDe is a stablecoin liquidity rail trading near $0.99931, with $5.92B in market cap and -0.02% over seven days. This page focuses on custody, exchange access, liquidity, transfer friction, and the operational risks around the asset.

Open USDE Read exchange safety

Decision Checklist

What can go wrong after the quote screen?

Current role: stablecoin liquidity rail.

Market cap: $5.92B.

24h volume: $70.94M.

Seven-day direction: -0.02%, currently flat versus the tracked board.

What can go wrong after the quote screen?

Market stats

Ethena USDe snapshot

$0.99931 -0.02% 7d

Ethena USDe carries $5.92B in market cap and $70.94M in 24 hour volume. Use those numbers as context, then follow the links below to pressure-test the decision.