USDe Benchmark
USDe is measured on 1 live OpenChainBench benchmark: Cheapest USDT stablecoin swap on Binance, live USDC, FDUSD, USDe spread (ranks #2 of 3, 0.095% p50).
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
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Raw figures /api/citable