# Ethena USDe

## One line

Ethena is a digital dollar issuer that provides USDe, a synthetic dollar asset, and sUSDe, a reward-accruing staked version of it.

## Segments

Web3

## What we do

Ethena issues USDe, a synthetic digital dollar, and sUSDe, a staked variant that accrues rewards for holders. The products are integrated across major centralised exchanges, custodians, and onchain DeFi protocols including Aave, Morpho, and Pendle. Ethena also offers Ethena Pay, an application for saving, sending, and spending using USDe. The protocol publishes real-time backing data, weekly proof of reserves, and monthly custodian attestations.

## Find us

- Website: https://ethena.fi
- X: https://x.com/ethena

## Recent updates

- 2026-10-06 — Hosts Ethena Padel & Wellness Singapore · https://luma.com/qim2vicq
- seen: 2026-09-23 — Launched Liquid Leverage on Aave letting users deposit 50% sUSDe and 50% USDe for ~12% APY. · https://ethena.fi/
- seen: 2026-09-23 — Partnered with Binance to embed USDe across its platform of 280m+ users and $190b+ in assets. · https://ethena.fi/
- seen: 2026-09-23 — Supports USDe and sUSDe as productive collateral across curated Morpho lending markets. · https://ethena.fi/
- seen: 2026-09-23 — Partners with Hyperliquid to extend USDe as a foundational dollar primitive. · https://ethena.fi/ecosystem
- 2026-09-23 — TVL $4.9B · https://defillama.com/chain/Ethena-USDe

## Last updated

last_checked: 2026-09-23 (ethena.fi)

state: unclaimed

confirmed: no (drafted from the company's own public sources)

verified: no

Source: https://sindo.io/c/ethena