Ethena USDe (USDe)
- Official Website: ethena.com
- Definition: Ethena USDe is a decentralized stablecoin pegged to the US dollar.
- Category: Stablecoin, Token.
- What It Is: A cryptocurrency designed to maintain a 1:1 value ratio with USD.
- Function: Used for trading, remittances, and as a stable store of value.
- Analogy: Think of USDe as a digital dollar bill. It’s stable and always worth $1.
- Pros: Price stability, decentralized, transparent.
- Cons: New and unproven, competition from other stablecoins.
- Controversies: Regulatory risks, reliance on collateral.
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This page was last updated on January 28, 2025.
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