Trust Score pending calculation
Key Facts
- Peg Currency
- USD
- Backing Type
- Crypto Collateralized
- Audit Frequency
- None
- Reserve Ratio
- 103.60%
Global Regulatory Status
Reserve Attestation
Ethena USDe
Low Confidence
Total Reserves
$5.80B
USD
Total Supply
$5.60B
USD
Reserve Ratio
103.60%
Fully Backed
Reserve Composition
US Treasuries
100.0%
Delta-neutral position: long stETH collateral, short ETH perp hedge
Auditor:
Attestation Date:January 1, 2026
Reporting Period:Ended January 1, 2026
Published:January 1, 2026
Note: Ethena USDe uses delta-neutral strategy. Not traditional reserves. Yield from funding rates and staking. No third-party audit.
Redemption
- Direct Redemption
- No
- No direct issuer redemption
- Exit via authorized participants
- Delta-neutral hedging strategy
Chain Support
EthereumSolanaArbitrum
Historical Timeline
No historical events recorded
No historical events on record
This issuer has no recorded incidents, legal actions, controversies, or audit history changes
Financial Incidents
No incidents recordedNo financial incidents on record
According to our research as of February 1, 2026
Audit History
No auditor change history on record
Current auditor: Not disclosed