Ethena USDe USDe

Issuer

Ethena

Launch dateNov 20, 2023

Ethena USDe (USDe) is a U.S. dollar stablecoin issued by Ethena through Ethena BVI Limited. Each token is redeemable one-for-one for U.S. dollars and is partly backed by the reference asset or backed by other assets. Custody of the reserves rests with Copper, CEFFU, Anchorage Digital, and Kraken. Institutions can mint and redeem directly with Ethena in USDC and USDT after completing KYC, and holders have a contractual right to redeem at par. Ethena BVI Limited is the issuing entity. Holder terms are governed by the law of the British Virgin Islands. USDe has been issued on Ethereum as an ERC-20 and SPL Token token since November 2023, with bridged versions on 22 more.