3.5%
11.8%
Avg sUSDe APY
$5.8B
USDe Supply
$939.8M
USDtb Supply
952K
Users
24
Chains
The Holy Grail: Internet Money
Savings TechnologyFor The World
Global instant access to a dollar savings account
-
sUSDesUSDe APY11.8% APY -
FintechFintech APY3.8% APY
-
TreasuriesTreasuries APY3.7% APY
-
BanksBanks APY0.4% APY
sUSDe APY data is based upon weekly data reported by Ethena which assumes no net stake/unstake activity during reward vesting periods. Fintech APY is an average of Apple Card Savings, Revolut, and Wise USD rates as of December 2025. Treasuries APY is based on US Treasuries 3M data as of December 2025. All data presented is for informational purposes only and should not be construed as advice or a solicitation to acquire a specific asset. Market conditions may change and actual future results may vary.
Onboarding
Ready to Start?
3.5% APY
Airdrops
DeFi
Earn on your savings with sUSDe
Use USDe in other applications
3.5% APR
Exchanges
USDe as margin collateral
Deposit into partner earn programs
3.5% APY
Institutional
USDe exposure via regulated fund
KYC & compliance for regulated entities
Coming Soon
Coming Soon
Integrity
Unparalleled Transparency
Real-Time Backing Assets
View
real-time information about the allocation of backing
assets.
Learn
more
Weekly Proof of Reserves
Independent third-party proofs of the value of the
backing assets & delta neutrality.
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more
Monthly Custodian Attestations
Independent attestations of the value of the backing
assets residing with custodians.
Latest
attestation
101.10%
Protocol Backing Ratio
<0.2%
Time below $0.997
100%
24/7 Mint/Redeem Availability
News
Highlights
Introducing HyENA - the Internet Trading Engine
HyENA is a USDe-margined perpetuals DEX built on Hyperliquid's HIP-3 standard. HyENA combines the proven high-performance and user-friendly features of Hyperliquid with USDe as trading collateral. Users that trade on HyENA will earn while they trade thanks to rewards on their USDe margin collateral. This functionality has become hugely popular on exchanges like Binance and Bybit, which saw billions of dollars of inflows and users earning millions worth of rewards on their USDe collateral that would otherwise have been internalized directly by stablecoin issuers.
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Ethena x Binance: USDe across Binance
Ethena has partnered with Binance to embed USDe across its entire platform of 280m+ users and $190b+ in assets including USDe reward bearing collateral for futures and perpetuals trading, direct integration with Binance Earn and USDe spot pairs. We are looking forward to deepening the relationship with Binance and their loyal user base to distribute dollar savings technology to the world.
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Liquid Leverage on Aave
Introducing Liquid Leverage, a new Ethena integration on money markets enabled by partners, launching first on Aave. Users can now deposit 50% sUSDe & 50% USDe into Aave and earn promotional rewards for USDe (currently ~12% APY), in addition to the normal USDe lending rate and sUSDe's native APY.
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