Ethena

Stablecoin · ENA

NetworkStablecoinYieldDerivativesSynthetic Yield-BearingRWA-BackedYield-Bearing6 coinsAudited

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.

Total supply

$3.6M

+0.4% 24h

Latest data · 15 min delay

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Stablecoin metrics

Live circulating supply (DeFi Llama) plus curated reserves, peg mechanism, and risk facts.

Circulating supply

$3.6M

DeFi Llama

# Chains

—

Curated deployment

Reserves, peg & risk

Symbol	Name	Role	Class
USDe	USDe	Synthetic dollar (delta-hedged, not fiat-backed)	Stablecoin
sUSDe	sUSDe	Yield-bearing staked USDe receipt	Staked Stablecoin
USDtb	USDtb	Treasury-backed dollar (distinct from USDe)	Stablecoin