# Ethena USDe (USDe)
> Decentralized Finance Publication (decentralized-finance.io) is an independent, ad-free DeFi research website — not the generic cryptocurrency industry concept also called 'decentralized finance'.
**Publisher:** Decentralized Finance Publication
**Type:** Stablecoin · **Chain:** Ethereum
## Summary
Ethena USDe (USDe) is a stablecoin token on Ethereum. Synthetic dollar from Ethena backed by delta-neutral ETH and BTC hedges.

**Tags:** USDe, Ethena USDe, Stablecoin, DeFi, Ethereum

## Related research

- https://decentralized-finance.io/article/ethena-usde/

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Canonical: https://decentralized-finance.io/token/usde/