Digital Dollars
for the Internet Economy

Avg sUSDe APY

Total Rewards Distributed

Total Supply

The Holy Grail: Internet Money

Savings Technology
For The World

Global instant access to a reward accruing asset.

sUSDe
Fintech
Treasuries
Banks

sUSDe APY data is an average from January 1st 2024 to the present which is based upon weekly data reported by Ethena which assumes no net stake/unstake activity during reward vesting periods. Fintech APY is an average of Apple Card Savings, Revolut US High-Yield Savings (Standard), and Wise USD rates as of March 2026. Treasuries APY is the monthly average US Treasuries 3M secondary market rate for March 2026. Banks APY reflects the FDIC national average rate for savings deposits as of March 16, 2026. All data presented is for informational purposes only and should not be construed as advice or a solicitation to acquire a specific asset. Market conditions may change and actual future results may vary. sUSDe is not a bank deposit, savings account, or banking product of any kind; it is not issued, offered, or guaranteed by Ethena Labs (which is not a bank, trust company, or other regulated depository institution), and it is not insured or guaranteed by the FDIC, SIPC, or any other government agency or private insurer.

Work with the fastest growing digital dollar issuer

Highest Rewards Rate

Since launch, Ethena has been able to deliver industry leading rates. Ethena has established a new benchmark for capital productivity across digital dollars.

Integrations Built for User Success

USDe is integrated across every major centralised exchange, custodian, and onchain venue - giving partners and users access to better collateral utility, and a more capital-efficient dollar from day one.

Globally Accessible

Hold and stake USDe, providing global access to the world's best synthetic dollar product and its industry leading savings rates.

Where you can start earning today

Aave is a leading decentralized liquidity protocol on Ethereum. USDe and sUSDe are integrated as supply and collateral assets, giving Ethena holders access to lending markets across the broader DeFi ecosystem.

Explore on Aave

Hyperliquid is a high-performance Layer 1 designed for on-chain perpetual trading. Ethena partners with Hyperliquid to extend USDe deeper into its growing trading ecosystem as a foundational dollar primitive.

Explore on Hyperliquid

Morpho is a decentralized lending protocol enabling permissionless market creation with greater capital efficiency. USDe and sUSDe are widely used as productive collateral across curated Morpho lending markets.

Explore on Morpho

Pendle is a yield-trading protocol that splits yield-bearing assets into principal and yield tokens. sUSDe is among Pendle’s largest assets, enabling fixed-yield strategies and exposure to Ethena’s underlying returns.

Explore on Pendle

Unparalleled Transparency

Protocol Backing Ratio

Time below $0.997

24/7 Mint/Redeem Availability

Real-Time View
View information in real-time about the backing assets of USDe.
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Weekly Proof of Reserves
Independent proofs from third-party attestors of the allocation of the backing assets.
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Monthly Custodian Attestations
Independent attestations of the value of the backing assets residing with custodians.
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