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ethena.fi

Synthetic dollar protocol issuing USDe and sUSDe, yield-bearing digital dollar assets for crypto users and exchanges

Finlandethena.fiWebsite technologies

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Highlights

  • New on EvolcAdded 2026-10-28

About ethena.fi

Ethena is a synthetic dollar protocol that issues USDe, a dollar-denominated digital asset, and sUSDe, a savings asset that accrues rewards. The protocol publishes real-time information on its backing assets, protocol backing ratio and proof-of-reserves attestations, and lists a SOC 2 Type II audit of its operational security controls.

USDe is integrated with centralised exchanges, custodians and onchain venues, including Binance, Bybit, Coinbase, Robinhood, MEXC, Kraken and Deribit. Users can hold and stake USDe, and the company also offers Ethena Pay, a consumer app for saving, sending and spending.

USDe launched in February 2024, and the website reports more than $30bn moving through its mint and redeem systems. The protocol also lists integrations with Aave and other money markets.

Product: USDe synthetic dollar digital asset, sUSDe yield-bearing savings asset, and the Ethena Pay app.

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Website technologies

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