Cheapest USDT stablecoin swap on Binance, live USDC, FDUSD, USDe spread
TradingFDUSD
Trails0.12 %
- p99
- 0.15%
- rank
- #3
- samples
- 17,280
USDe
Leads0.015 %
- p99
- 0.025%
- rank
- #1
- samples
- 17,280
FDUSD vs USDe
USDe leads on the only live benchmark. USDe wins on Cheapest USDT stablecoin swap on Binance, live USDC, FDUSD, USDe spread (0.015% vs 0.12%).
FDUSD
First Digital USD, Hong Kong-issued stablecoin backed 1:1 by USD reserves. Primary depth lives on Binance USDT-quoted FDUSDUSDT; USD-quoted venues offer negligible volume.
USDe
Ethena's synthetic dollar anchored by a delta-neutral basis trade on perpetual futures. Flashed to $0.65 on Binance USDEUSDT during the October 10 2025 liquidation cascade.
Side by side measurements
Frequently asked questions
FDUSD vs USDe: which one is better?
FDUSD and USDe are compared on 1 shared OpenChainBench benchmarks. USDe leads on Cheapest USDT stablecoin swap on Binance, live USDC, FDUSD, USDe spread. See the live table on this page for every metric.
Which is cheaper, FDUSD or USDe?
On the Cheapest USDT stablecoin swap on Binance, live USDC, FDUSD, USDe spread benchmark, USDe leads at 0.015% versus FDUSD at 0.12%. Live measurement is updated continuously by the OpenChainBench harness.
How is the FDUSD vs USDe comparison measured?
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
How this pair was selected
Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing — panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.