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USDe, also known as Ethena USD, is a synthetic stablecoin created by Ethena Labs, designed to maintain a 1:1 value with the U.S. Dollar, without relying on traditional banking reserves. Instead, USDe uses on-chain derivatives and delta-neutral hedging to keep its price stable, marking a new era for crypto-native stablecoins.
With Oobit, you can use USDe to pay anywhere Visa is accepted, or instantly convert it into local currencies for everyday use.
Ethena is a DeFi protocol building crypto-native money. Its goal is to offer a stable digital dollar that operates fully on-chain. Through its token USDe, Ethena enables a new model of financial stability without traditional banks.
Visit Ethena Labs to learn more about its ecosystem and native token ENA.
USDe is Ethena’s stablecoin, backed by Ethereum and short futures positions. This structure keeps the price stable through a delta-neutral strategy where the value of ETH collateral is hedged with futures.
Unlike traditional stablecoins like USDT or USDC, USDe is fully decentralized, operating without banks or centralized reserves. It provides transparency, autonomy, and a crypto-native store of value.
USDe maintains its peg using Ethereum collateral and short futures hedging, offsetting ETH price volatility to stay stable at 1 USD.
This creates a transparent, decentralized, and bank-free stablecoin designed for the crypto economy.
Ethereum and liquid staking tokens
With Oobit, you can use USDe in real life. Pay in stores that accept Visa, shop online through Apple Pay or Google Pay, and convert USDe into local currency with instant withdrawal.