What currency is USDE? USDE currency price today

Ethena’s synthetic U.S. dollar USDe will provide the first censorship-resistant, scalable and stable cryptocurrency-native solution for funding enabled by delta-hedged Ethereum collateral. USDe will be fully transparently supported on-chain and freely composed throughout DeFi.

USDE coin price today

＄1.0 ≈ ¥7.22

Derived by using delta hedging against the collateral held by the protocol commodity positions and minting and redemption arbitrage mechanisms to ensure the stability of the USD-USD peg.

"Internet Bonds" will combine proceeds from staking Ethereum with funding and basis from perpetual and futures markets to create the first on-chain crypto-native "bond" that can be used as a USD-denominated bond for users. Savings instruments in permitted jurisdictions.

Ethena was built to solve the largest and most obvious immediate need in the crypto space. DeFi attempts to create a parallel financial system, but stablecoins are the most important financial instrument and are still completely tethered and dependent on traditional banking infrastructure. Ethena's goal is to provide a scalable form of crypto-native currency to enable a truly decentralized financial system.

Cryptocurrencies can no longer rely on traditional stablecoin infrastructure

For any functional, truly decentralized financial system to operate at scale, trade funds and provide financing Core collateral all requires stable assets that are not dependent on traditional banking infrastructure. Without decentralized and stable reserve assets, both centralized and decentralized order books are inherently fragile.

Centralized exchanges are in desperate need of reliable and transparent stable assets for their order books, and DeFi faces continued existential risks by relying on USDC or RWAs with centralized kill switches. We believe that reducing reliance on the traditional banking system for the role stablecoin infrastructure plays in the space is the most important issue facing cryptocurrencies today.

8 billion people lack access to U.S. dollar-denominated savings instruments

While U.S. citizens have access to their own $30 trillion Treasury market, individuals in other parts of the world cannot without permission or It is not possible to generate income through U.S. dollar denominated savings instruments.

Despite the “no return risk” characteristics of existing stablecoins, user demand for existing stablecoins has been proven and huge, exceeding $130 billion. We believe that a substantially equivalent product that provides permissionless returns on savings is the greatest market opportunity that cryptocurrencies can offer individuals around the world—larger than the volatile stores of value or stablecoins that currently exist.

We fundamentally believe that the most important financial instrument in the real world – a dollar-denominated savings vehicle – is an essential product that everyone should be able to use without permission.

The value of USDE currency

USDE currency is a virtual currency whose value is determined by market supply and demand. You can find out the current USDE coin price by checking cryptocurrency exchanges or cryptocurrency price tracking websites. Please note that the cryptocurrency market is very volatile and prices can change at any time.

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