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.

This page was last updated on January 28, 2025.