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USDe

USDeUSD pegStablecoin
Synthetic dollarDelta-neutral hedge
VerifiedPart of Ethena
Synthetic dollar pegged via delta-hedging BTC/ETH spot plus perp shorts and liquid stables. Not fiat-backed. Mint/redeem KYC-gated to market makers.

Metadata

Peg targetUSD
Sub-categoryStablecoin
IssuerView entity
ChainsArbitrum One
Arbitrum nativeNo
LiveLive
Founded—

Links

WebsiteTwitter / XAudit reportArbitrum Portal

Off-chain facts

  • Reserve CompositionUpdated periodically

    Backing is a delta-neutral mix of crypto collateral hedged with perp shorts plus liquid stablecoins; depegs if perp funding stays negative.

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