HostUSDE vs EUSD — price, size and safety, side by side
USDE (Solana) vs EUSD (Ethereum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-17 / 2026-09-17T20:24:07.
USDE vs EUSD — normalized performance, 2026-09-08 to 2026-09-17T20:24:07
| USDE | EUSD | |
|---|---|---|
| Price | $0.9992 | $1.01 |
| Market cap | $524.33M | — |
| 24h volume | $4.02M | $1.17M |
| Liquidity | $8.79M | $1.54M |
| FDV | $524.33M | — |
| Holders | 10,268 | — |
| Age (days) | — | 744 |
| Safety grade | A | B |
Where they differ
- USDE measures ~5.7× the liquidity of EUSD
- USDE measures ~3.4× the 24h volume of EUSD
What the data says
USDE
USDe on Solana is Ethena's synthetic dollar on this chain — the "stablecoin" that holds its peg not with cash reserves but with a delta-neutral hedge: spot crypto collateral offset by short perp positions, collecting funding as yield. The mint DEkqHyPN7GMRJ5cArtQFAWefqbZb33Hyf6s5iCwjEonT is the Solana deployment; our September 16, 2026 snapshot reads $8.8 million of tracked pool liquidity and grades it A.
The honest mechanics matter more here than for any fiat-backed peer: USDe's peg is an engineering claim — it works while the hedge works, and its documented stress case is a deep, sustained negative-funding regime plus exchange counterparty failure, which has been modeled but never fully stress-tested at scale. An A grade here is a contract-state verdict on the Solana mint; the peg machinery lives in Ethena's hedge, which no chain scan can see.
EUSD
Electronic Dollar (eUSD) is a Reserve Protocol RToken — a stablecoin backed by a governed basket of yield-bearing collateral (aUSDC, cUSDC, sFRAX-type positions) rather than a single issuer's promise. The contract 0xa0d69e286b938e21cbf7e51d71f6a4c8918f482f is the mainnet deployment; our August 9, 2026 snapshot shows $1.5 million of tracked liquidity.
The honest mechanics: the basket design spreads issuer risk across several collateral tokens plus an overcollateralization layer, but it adds a new one — the basket's own governance and the Compound/Aave/Frax dependencies inside it. A diversified peg is still a peg; a serious de-peg in any major component hits eUSD too.
FAQ
Which is bigger, USDE or EUSD?
By tracked market cap: USDE (Solana) measures $524.33M and EUSD (Ethereum) measures — — dated snapshots, not a live feed.
Which is safer, USDE or EUSD?
On the contract checks we publish: USDE (Solana) grades A and EUSD (Ethereum) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USDE and EUSD performed over the shared window?
Between 2026-09-08 and 2026-09-17T20:24:07, the measured snapshots show USDE at −0.03% and EUSD at 0.00%.
More comparisons
USDE vs RYYUSDE vs FKBUSDE vs CRDUSDE vs RDKEUSD vs RYYEUSD vs FKBEUSD vs CRDEUSD vs RDK
The grade column is the one CMC's compare page cannot print — our grade is computed from the contract itself (mint/freeze authority, liquidity, holder concentration). Changes are measured over the shared window stated on the chart, 2026-09-08→2026-09-17T20:24:07; a token with fewer measured points measures a shorter span inside it.
Figures are dated on-chain snapshots, not a live feed. Safety grades are structural checks — not investment advice. Free · no signup · a HostDeFi product.