Vol. I · USDEWednesday, September 2, 2026← The ledger

USDE

Ethena USDe, issued by Ethena, claims to be worth one dollar. Across 1 exchange it trades at $0.9995−5.0 bp.

Priced by a single exchange. Nothing corroborates it, so no error bar can be given and the reading is not published as a verdict either way.

The exchanges

every quote for USDE, and its distance from the consensus/v1/peg/USDE
ExchangeQuoteFrom consensusStatus
Kraken0.99950+0.0 bponly quote

set aside: further than 0.35% from the provisional median — quoting a different market, and named rather than dropped

Where it sits

USDE against the other 11 coins in the ledger/v1/peg
−30 bp−20 bp−10 bp$1.00+10 bp+20 bp+30 bpthe other 8: DAI · USDT · USDS · GUSD · USDC · USDG · PYUSD · RLUSDUSDEPYUSD on bitstamp, −4.98% — set asideUSDG on gemini, −1.69% — set asideDAI on binance.us, −1.34% — set asideTUSD, +2.50% — single quote, unverifiedDAI on kraken, +1.00% — set aside

each coin at its consensus price · the grey band is how far its exchanges disagreedvermilion: outside its own band and above the noise floor — printed on the wirequotes set aside are shown off the ends, at their true distance in the label