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USDe (USDe)
Overall score: 58/100
USDe (USDE) Risk Report
Generated on 11/20/2025 | Updated Weekly | Last Updated: November 2025
What is USDe?
USDe is a stablecoin designed to maintain a value close to one US dollar, operating on the Ethereum blockchain. Its purpose is to provide a reliable medium of exchange and a store of value in the volatile cryptocurrency market.
Risk Overview
The overall risk assessment of USDe highlights both stability and potential concerns. While the token has a strong market cap and security features, the high holder concentration and liquidity scores indicate potential risks in market manipulation and trading ease. Investors should weigh these factors carefully.
Risk Analysis Scores
Security
Moderate
Tokenomics
High Risk
Liquidity
High Risk
Community
Excellent
Development
High Risk
Security Score
What is Security?
Evaluates smart contract security, audit status, and potential vulnerabilities.
Why it matters
Security flaws can lead to total loss of funds through hacks, exploits, or rug pulls.
Key indicators we evaluate
The security analysis of USDe indicates a generally positive outlook due to its verified smart contract and absence of a honeypot.
- Contract Verified: USDe's smart contract is verified, which is essential for trust and reliability within the ecosystem.
- No Freeze Authority: The absence of freezing capabilities minimizes the risk of malicious intervention.
- Minting Capability: The ability to mint new tokens could lead to inflation risks if not managed properly.
Liquidity Score
What is Liquidity?
Analyzes trading volume, market depth, and ease of buying/selling the token.
Why it matters
Poor liquidity can trap investors, prevent exits, and indicate market manipulation.
Key indicators we evaluate
USDe exhibits moderate liquidity with a trading volume that suggests stable market activity, but lower liquidity scores indicate potential challenges.
- Trading Volume: The 24-hour trading volume stands at approximately $36,772, which may not provide sufficient liquidity for large trades.
- Exchange Listings: USDe is listed on 6 centralized exchanges, enhancing accessibility for investors.
- DEX Depth Status: The liquidity depth on decentralized exchanges is rated as 'good,' allowing for reasonable trading conditions.
Tokenomics Score
What is Tokenomics?
Reviews token distribution, supply mechanics, and economic incentives.
Why it matters
Poor tokenomics can lead to inflation, unfair distribution, and unsustainable price dynamics.
Key indicators we evaluate
The tokenomics of USDe reflects a massive total supply with a concerningly high holder concentration, which may impact price stability.
- Total Supply: USDe has a total supply of approximately 7.62 quintillion tokens, which is significant for a stablecoin.
- Circulating Supply: The circulating supply matches the total supply, indicating no tokens are held back for future release.
- Holder Concentration: A very high holder concentration score suggests potential risks of market manipulation and price volatility.
Community Score
What is Community?
Assesses social media presence, engagement levels, and community growth metrics.
Why it matters
Strong communities drive adoption and price stability, while weak communities often indicate pump-and-dump schemes.
Key indicators we evaluate
USDe has a vibrant community presence across various platforms, indicating healthy engagement and interest.
- Twitter Followers: The token boasts 248,341 followers on Twitter, reflecting strong social media engagement.
- Discord and Telegram Presence: With 39,632 Discord members and 18,818 Telegram members, community interaction appears robust.
- Community Score: A high community score of 92/100 indicates strong support and potential for growth.
Development Score
What is Development?
Evaluates code activity, repository health, and ongoing project maintenance.
Why it matters
Active development indicates a committed team and project longevity, while abandoned projects often fail.
Key indicators we evaluate
Development activity for USDe is ongoing, with open-source code available, though specific contributor details are lacking.
- Open Source: The project is open source, which allows for transparency and community contributions.
- GitHub Repository: USDe's GitHub repository is listed under ethena-labs/bbp-public-assets, providing access to the code.
- Last Commit: The last commit was made on October 6, 2025, indicating recent activity, but the lack of recent commits raises questions about ongoing development.
How We Score
Our scoring system evaluates tokens across five key categories, each weighted equally to provide a comprehensive risk assessment:
- Security (20%): Smart contract verification, ownership status, mint functions, and security vulnerabilities
- Tokenomics (20%): Supply mechanics, distribution, holder concentration, and inflationary/deflationary features
- Liquidity (20%): Trading volume, exchange listings, liquidity depth, and market accessibility
- Community (20%): Social media presence, engagement levels, and community growth metrics
- Development (20%): Code activity, repository health, contributor engagement, and project maintenance
How to Buy USDE
Set up a cryptocurrency wallet
Download and install a compatible wallet like MetaMask, Trust Wallet, or Coinbase Wallet.
Purchase ETH or USDC
Buy Ethereum (ETH) or USDC from a centralized exchange like Coinbase, Binance, or Kraken.
Transfer to your wallet
Send your ETH or USDC from the exchange to your personal wallet address.
Connect to a DEX
Visit Uniswap, SushiSwap, or another decentralized exchange and connect your wallet.
Swap for USDe
Enter the token contract address and swap your ETH/USDC for USDe.
Frequently Asked Questions
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Important Disclaimer
This analysis is not financial advice and should not be considered as such. Cryptocurrency investments carry significant risks, including the potential for total loss of capital. Always conduct your own research and consult with qualified financial advisors before making investment decisions. Only invest what you can afford to lose and ensure you fully understand the risks involved.