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The USDe to USD chart shows how the price changes over time.Get this data with DYOR TON API
Ethena USDe Price Converter
USD
USDE
0.999
Ethena USDe Markets
Total Holders
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# | Address | Balance (USDe) | Value (USD) | Percentage |
|---|---|---|---|---|
Token check
- Risks
- 0
- Cautions
- 1
- Fine
- 8
- No data
- 0
- Admin rightsAn admin can still mint new tokens, diluting every holder, and change the token's settings.Caution
- Holder concentration
- Liquidity$ 209,755 in pools: enough to trade.See the marketsFine
7 fine
Signals come from DYOR's data at fixed thresholds and can miss what a contract hides. They are not financial advice: do your own research.
About Ethena USDe
- Ethena USDe (USDe) is the TON deployment of USDe, the synthetic dollar token issued by Ethena. Its contract address on TON is EQAIb6KmdfdDR7CN1GBqVJuP25iCnLKCvBlJ07Evuu2dzP5f, and Ethena's own documentation lists this same address as the USDe contract on TON. On DYOR.io the token carries the Verified Token badge, and STON.fi lists the contract under the name Ethena USDe, describing it as a synthetic dollar token. Ethena's address table also lists separate TON contracts for ENA and for tsUSDe, the staked version of USDe on TON. These are different tokens from USDe. Before sending or swapping, compare the contract address in your wallet or in the DEX pool with the one Ethena publishes for USDe.
- USDe is issued by Ethena Labs, the company behind the Ethena synthetic dollar protocol. The Ethena Foundation is described as an independent entity overseeing the growth of the Ethena ecosystem. Ethena's founder is Guy Young. USDe on TON is not a separate project: it is one deployment of Ethena's multi-chain USDe. Ethena's documentation lists TON among more than 20 chains where Ethena tokens are available beyond Ethereum mainnet.
- On May 1, 2025, at Token2049 in Dubai, Ethena Labs and the Ethena Foundation announced a partnership with the TON Foundation to bring USDe and its staked version sUSDe into the Telegram ecosystem. On TON, sUSDe is offered as tsUSDe. Guy Young called the deal "a significant milestone for Ethena". Ethena presents USDe on TON as a dollar savings tool for Telegram users, and Young described TON as a venue to distribute USDe, Ethena's core product, as a dollar savings vehicle. The Block linked the partnership to Ethena's 2025 expansion plans, first reported in January 2025, which included Telegram-based payments and a TON-based application.
- News reports from mid-2025 say USDe became accessible through major TON wallets, including TON Space, Tonkeeper, MyTonWallet and TonHub. The Defiant reported that Ethena Labs launched USDe on TON with STON.fi, and STON.fi's own guide describes getting USDe by swapping USDT for it on STON.fi and then staking USDe to receive tsUSDe. According to crypto.news, the integration was announced in three phases: first all major non-custodial TON wallets, including TON Space, Tonkeeper and MyTonWallet; next Telegram's built-in custodial crypto wallet; and finally all major TON DeFi applications.
- When the partnership was announced, eligible tsUSDe holders in TON wallets were offered an extra 10% APY on top of Ethena rewards, capped at 10,000 tsUSDe per wallet. crypto.news reported that the extra yield was paid weekly in Gram, the native coin of the TON network. Tron Weekly reported in June 2025 that Ethena launched a limited 16-week campaign offering up to 18% APY on tsUSDe holdings, with eligibility requirements: the boost added to the base 8% yield of tsUSDe at the time. These were promotional terms for that period, not a standing rate.
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