Ethena

Stablecoin · ENA

NetworkStablecoinYieldDerivativesSynthetic Yield-BearingRWA-BackedYield-Bearing8 coinsVerified

Ethena Labs issues USDe, a crypto-native synthetic dollar, and related products including sUSDe (yield), USDtb (Treasury-backed), and the ENA governance token.

Digital dollars for the internet economy.

ENA price

$0.0786

+4.9% 24h

Latest data · 15 min delay

Asset coverage

Collateral, oracles, risk parameters, and deployment facts.

Member coins & supported assets

USDeUSDe

Synthetic dollar (delta-hedged, not fiat-backed)

Stablecoin

sUSDesUSDe

Yield-bearing staked USDe

Receipt

USDtbUSDtb

Treasury-backed dollar (distinct from USDe)

Stablecoin

ENAENA

Governance token

Token

sENAsENA

Staked ENA — fee sharing + airdrop multipliers

Token

iUSDeiUSDe

Institutional TradFi-wrapped sUSDe (KYC-gated)

Token

ENAENA

Governance token

Token

USDeUSDe

Synthetic dollar

Stablecoin
Research agent