TheTechno Optimist.

USDeEthena Labs—USDe supply peaks at $14B amid bull market momentumUSDeEthena Labs—BlackRock integrates USDe into Aladdin platform with $100M liquidity facilityUSDeEthena Labs—FalconX and Ethena launch $1B warehouse financing facilityUSDeEthena Labs—Ethena launches USDe and sUSDe on TRON network

USDe

by Ethena LabsPT

USDe is a synthetic stablecoin backed by delta-hedged crypto collateral. sUSDe earns variable yield from perpetual funding rates.

DeployStage 4 of 5

Live on 8+ chains. $4.9B supply (October 2026). BlackRock Aladdin and FalconX partnerships active.

Updated 30d agoChecked 10 Oct0 updates this week

Milestones

Next · DeFi integrations and collateral expansion
  1. USDe launches on Ethereum mainnet19 Feb 2024Complete.
  2. Bitcoin added to collateral backing4 Apr 2024Complete.
  3. ENA token generation event2 Apr 2024Complete.
  4. USDe reaches $6B supplyDec 2024Complete.
  5. USDe reaches $14B peak supplyNov 2025Complete.
  6. TON/Telegram integration announced1 May 2025Complete.
  7. BlackRock Aladdin integration29 Jun 2026Complete.
  8. FalconX $1B secured lending facility19 Aug 2026Complete.
  9. TRON network launch11 Sep 2026Complete.

Most important updates

Upcoming

  1. Q4 2026DeFi integrations and collateral expansion (next)
  2. Q4 2026Fee switch and protocol revenue capture
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