Access the Ethena Network
From day one, your stablecoin will be part of one of the largest networks across CeFi and DeFi, giving you distribution to leading exchanges and custodians.
Stablecoin for every
Request DemoDynamic Backing Asset Allocation. Back your stablecoin with USDe, USDtb, a stablecoin issued by Anchorage Digital Bank in a GENIUS compliant manner, as well as other stablecoins of choice.
Build with the fastest growing digital dollar issuer.
Your Stablecoin, Ethena Infrastructure.
Ethena provides the infrastructure for launching and managing your stablecoin. You design the product and control distribution. Capture value currently leaving your ecosystem by offering your users a branded stablecoin backed by institutional-grade reserve operations.
Ethena Powered Stablecoins in Practice
Jupiter launched jupUSD, a Solana native stablecoin. Backed by USDtb & USDC on launch, jupUSD is integrated across Jupiter's products & ecosystem.
TVL
MegaETH launched USDM, a stablecoin backed by USDtb & USDC on launch. Designed to subsidize sequencer fees & stabilize transaction costs, USDm anchors low-cost scalability across the MegaETH ecosystem.
TVL
Sui launched suiUSDe on Sui. Backed by USDe and USDC. Created to power Sui's DeFi ecosystem while retaining flexibility.
TVL
Flexible Backing Assets
Last Updated: February 2026- USDe Supply
- sUSDe Historical APY
USDe is the 4th largest dollar asset in crypto. A better form of money.
- sUSDe Historical APY
- USDtb Supply
- Funds Managed by
- BlackRockBUIDL
USDtb is issued by Anchorage Digital Bank and backed by fiat USD as well as BlackRock's BUIDL, managed in a GENIUS-compliant manner.
- Funds Managed by
- BlackRockBUIDL
Customize Your Stablecoin's Backing
USDtb
50%
USDe
50%
Potential Rewards
8.25%
Profile
Balanced
This calculation is based on a USDtb Rewards of 3.5% and USDe Rewards of 13.00%. Neither USDe nor USDtb holders are entitled to rewards solely by virtue of holding the assets. Figures provided above are illustrative only; any available rewards are provided by third parties and subject to their applicable Terms of Service.
Stay in Control with the Client Dashboard
MegaETH x Ethena: Introducing USDm. In partnership with Ethena, MegaETH is launching USDm to align incentives across the network, run the sequencer at-cost, and deliver the lowest fees for users and builders.
Press Releases
Rigorous security audits, robust custodial solutions for backing assets, and real-time reserves verification provide nothing but transparency.
Audits by Zellic, Quantstamp, Spearbit & Cantina
No critical or high vulnerabilities reported
Public audit via Code4rena for open security validation
