$USDE USDe is a synthetic USD stablecoin created by Ethena Labs.
It is designed to stay close to $1 USD, but it is NOT backed by cash in a bank like USDT or USDC.
Instead, USDe uses crypto collateral + hedging strategies to maintain its value.
It is designed to stay close to $1 USD, but it is NOT backed by cash in a bank like USDT or USDC.
Instead, USDe uses crypto collateral + hedging strategies to maintain its value.

