Ethena USDe vs Tether
Side by side: risks, on-chain checks, market data, and the sourced record.
Risk signals
None on record.
- Reserve misrepresentation settlements
- Treasury theft non-redemption
- Temporary depeg events
- Regulatory investigations ongoing
- Attestation-only reserves
Market
- Price
- $0.9998
- Mkt cap
- $3.96B
- 24h vol
- $6.1M
- Price
- $0.9992
- Mkt cap
- $183.01B
- 24h vol
- $15.64B
Background
Not yet on record.
Tether is a blockchain-enabled platform launched in 2014 by Tether Limited that issues stablecoins, primarily the USDT token pegged to the U.S. dollar. It enables the digital use and transfer of fiat currencies across blockchains, initially on Bitcoin via the Omni Layer protocol and later on Ethereum and other…