HostUSDE vs USD₮0 — price, size and safety, side by side
USDE (Ethereum) vs USD₮0 (Berachain) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-10-17 / 2026-10-17.
USDE vs USD₮0 — normalized performance, 2026-10-09 to 2026-10-17T03:15:24
| USDE | USD₮0 | |
|---|---|---|
| Price | $1.00 | $0.9991 |
| Market cap | $4.80B | $4.08B |
| 24h volume | $15.40M DEX | $167.24K DEX |
| Liquidity | $13.17M | $625.54K |
| FDV | $4.80B | $37.36M |
| Holders | 48,976 | 75,853 |
| Age (days) | 84 | 418 |
| Safety grade | B | B |
Where they differ
- USDE measures ~21× the liquidity of USD₮0
- USDE measures ~92× the 24h volume of USD₮0
- USD₮0 measures ~1.5× the holder count of USDE
What the data says
USDE
USDe is Ethena's synthetic dollar — a stablecoin that holds its peg not with bank deposits but with a delta-neutral trade: spot crypto collateral (staked ETH, liquid stables) hedged by short perpetual futures, so the portfolio's dollar value stays flat whatever the market does. The contract 0x4c9edd5852cd905f086c759e8383e09bff1e68b3 is the canonical Ethereum deployment — USDe also exists on Solana under a different mint, where it is one of the deeper stable pools in our corpus. Our October 9, 2026 read shows $13.2 million of tracked pool liquidity on the mainnet venues.
The honest mechanics: USDe's yield is not magic — it is the funding-rate spread between staking yield and the perp market's willingness to pay longs, and that spread can and does go negative. When funding flips, Ethena pays the hedge instead of earning it, and the carry can invert into a slow bleed. The second layer is counterparty: the short positions sit on offshore exchanges through settlement custody, so exchange failures or frozen collateral are real, non-theoretical risks — the design survived the October 2025 liquidation cascade, which is evidence, not a guarantee. It is also not the same risk shape as UST: USDe is fully collateralized at inception; the failure mode is a sustained negative-funding grind plus a custody break, not a mint-redeem death spiral.
USD₮0
There's a small gap on this page — USD₮0's contract flags weren't fully confirmed as of 2026-10-09. So rather than assume anything either way, it's worth a direct check, and a quick live scan will confirm the current state for you.
By the numbers, USD₮0 is showing thin liquidity of $625.54K, 75,853 holders and an established record at 418 days as of 2026-10-09. The number worth sitting with is that $625.54K of depth against a market cap of about $4.08B — a thin pool for a token this size, which means a position that feels small to you can still be large for the pool: USD₮0 reprices on relatively little flow, and a sizable exit will slip. A 75,853-holder base is a fair start, but distribution matters more than the count — check how much sits in the largest wallets before leaning on it. The creator's own position is small — <0.01% of supply as of 2026-10-09, comfortably under the 5% line the scanners flag — which is what you want to see.
FAQ
Which is bigger, USDE or USD₮0?
By tracked market cap: USDE (Ethereum) measures $4.80B and USD₮0 (Berachain) measures $4.08B — dated snapshots, not a live feed.
Which is safer, USDE or USD₮0?
On the contract checks we publish: USDE (Ethereum) grades B and USD₮0 (Berachain) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USDE and USD₮0 performed over the shared window?
Between 2026-10-09 and 2026-10-17T03:15:24, the measured snapshots show USDE at +0.13% and USD₮0 at −0.55%.
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, 2026-10-09→2026-10-17T03:15:24; 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.