Ethena USDe price stands at 1.000 USD on October 26, 2026 as supply reaches 4.95 billion

Published on 10/26/2026 at 13:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Backing reached 101.43 percent on October 12, 2026. The Ethena USDe price stands at 1.000 USD on October 26, 2026.

Backing, supply and network access

Circulating supply stood at 4.95 billion USDe on October 26, 2026, alongside a market capitalization of 4.95 billion USD.
Ethena's October 12, 2026 governance update reported 101.43 percent backing and a 62.57 million USD Reserve Fund.
The Ethena USDe price stands at 1.000 USD as of October 26, 2026, at its 1.00 USD target.
Aave governance recorded 62.78 USDe on X Layer on October 12, 2026.

Ethena USDe, XCRYPTOUSDE6, Illustration mit AI erstellt.

Ethena USDe (USDe) stands at 1.000 USD on October 26, 2026, while its circulating supply is 4.95 billion USDe. The Ethena USDe price remains at the dollar target as the asset's market capitalization ranks it 23rd among tracked cryptocurrencies, according to Investing.com.

USDe expands to X Layer on October 23, 2026

Ethena's synthetic dollar launched natively on OKX's X Layer on October 23, 2026. Blog Tien Ao reported that the first X Layer integration used Aave V3 and that OKX Wallet users could access USDe on-chain. The report also described one-click USDe looping in OKX Wallet as a planned feature. A layer 2 is a network built on top of another blockchain to process activity through a separate execution environment.

The X Layer deployment adds a new venue for USDe, while the current price data show the token at its dollar target on October 26, 2026. These are separate developments, with the launch date and the market reading representing different facts.

October 12, 2026 report showed 101.43 percent backing

Ethena Foundation said in its October 12, 2026 governance update that USDe backing stood at 101.43 percent, with 4.83 billion USD in backing assets against 4.76 billion USDe supply. The same update listed a 62.57 million USD Reserve Fund and said the fund covered stress assumptions involving the protocol's perpetual positions.

A separate Aave governance assessment dated October 12, 2026 recorded 62.78 USDe on X Layer. It said the chain had never held a material balance and that its previous peak was 542.72 USDe on January 3, 2025. The figures mark the balance before the October 23, 2026 deployment.

Investing.com shows a 1.000 USD market reading

The Ethena USDe price stands at 1.000 USD as of October 26, 2026, according to Investing.com. The daily high is 1.000 USD and the daily low (UTC day) is 1.000 USD. Investing.com lists a 4.95 billion USD market capitalization, rank 23, 18.65 million USD in 24-hour volume and 4.95 billion USDe in circulating supply.