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USDe Benchmark

USDe is measured on 1 live OpenChainBench benchmark: Cheapest USDT stablecoin swap on Binance (ranks #2 of 3, 0.015% p50). Data as of 2026-10-05 UTC.

1 benchmark

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.

Last measured

Live benchmark results

  1. #2of 3

    Trading

    Cheapest USDT stablecoin swap on Binance, live USDC, FDUSD, USDe spread

    USDT-pair spread

    0.015%

    p50 · 24h

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