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Usde Benchmark

Usde is measured on 1 live OpenChainBench benchmark, with 1 #1 finish: Cheapest USDT stablecoin swap on Binance, live USDC, FDUSD, USDe spread (ranks #1, 0.055% p50).

1 benchmark · 1 #1 finish

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. #1of 3

    Trading

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

    USDT-pair spread

    0.055%

    p50 · 24h

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

    Ranked #1 on OpenChainBench: Cheapest USDT stablecoin swap on Binance, live USDC, FDUSD, USDe spread
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    <a href="https://openchainbench.com/benchmarks/stablecoin-peg-usdt-anchored"><img src="https://openchainbench.com/api/badge/stablecoin-peg-usdt-anchored/usde" alt="Ranked #1 on OpenChainBench: Cheapest USDT stablecoin swap on Binance, live USDC, FDUSD, USDe spread" height="44" /></a>
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    [![Ranked #1 on OpenChainBench: Cheapest USDT stablecoin swap on Binance, live USDC, FDUSD, USDe spread](https://openchainbench.com/api/badge/stablecoin-peg-usdt-anchored/usde)](https://openchainbench.com/benchmarks/stablecoin-peg-usdt-anchored)

Raw figures /api/citable