Ethena

Issuer of USDe, a synthetic dollar backed by crypto held against equal short futures positions rather than by cash in a bank. In 2025 Germany's BaFin ordered its German company, Ethena GmbH, to wind up its USDe business there after finding serious deficiencies; Ethena objected and the orders were not yet final.

Visit Ethena → All stablecoin issuers

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The listing at a glance

  • ethena.fiIts official site, as CoinGecko also lists it.
  • No commercial linkWe earn nothing if you sign up.
  • Updated 7 Oct 2026The last time we edited this listing.

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Make sure it is really Ethena

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  1. 1
    Go from here, or type itethena.fi is the address in our listing. Bookmark it rather than following an ad or a message.
  2. 2
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  3. 3
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This listing is our own opinion. We are not affiliated with Ethena beyond any commercial relationship disclosed above, we never take custody of your assets, and nothing here is financial advice. Verify anything that matters against the company's own site before acting on it.