USDe

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.

ethena.fi
@ethena_labs

Benchmark record

#1of 3
Trading
Cheapest stablecoin swap on Binance
USDT-pair spread
0.025%
p50 · 24h

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Cheapest stablecoin swap on Binance

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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 stablecoin swap on Binance" height="36" /></a>

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