Where USDE earns the most — safely.
Ethena's synthetic dollar, hedged with futures
The highest USDE rate on YieldScope right now is 4.75 % APY on Gate.io Earn — safety grade B, Flexible. Across 4 venues we track, USDE averages 3.7 % APY. Rates float and are refreshed daily; last updated 2026-09-26.
One coin, 4 prices for your trust
How USDE yields moved across exchanges
from 2026-06-09 to 2026-09-26
Source: daily snapshots via exchange APIs
All platforms for USDE
| Platform | Best ↓ | Type | Platf. risk | |
|---|---|---|---|---|
| | 4.75 % | flexible | B | Open → |
| | 4.75 % | flexible | D | Open → |
| | 4.13 % | flexible | F | Open → |
| | 1.18 % | flexible | B | ⏸ Withdrawals paused |
How much will you earn?
| Platform | Interest | Total |
|---|---|---|
| ★ | +48.55 | 1,048.55 |
| +48.55 | 1,048.55 | |
| +42.09 | 1,042.09 | |
| +11.86 | 1,011.86 |
Method: monthly compounding (1 + APR/12)ⁿ, where APR is the exchange's stated rate. The realized 12-month return is slightly higher due to reinvestment. Rates may change. Not financial advice.
USDE rates on the move
What to watch on USDE
USDE yield FAQ
The highest USDE rate we currently track is 4.75% APY on Gate.io Earn, which we grade B for safety. These are base rates refreshed daily — not promotional teasers.
It depends on the platform, not the coin. We grade every platform A–F on five checks: regulation, proof-of-reserves, flexible withdrawals, an insurance fund, and track record. Check the grade next to each rate before depositing — a higher APY often means higher risk.
No. We track 4 platforms for USDE and publish base rates only — never the headline promo or teaser tiers that apply to tiny balances. Floating rates are labelled as snapshots, so the number reflects what a normal balance realistically earns.
What is USDE
Ethena USDe is a synthetic dollar, not a fiat-backed stablecoin. Ethena holds crypto collateral such as staked ETH and BTC and shorts perpetual futures against it, which keeps the position close to $1. The yield comes from staking rewards and futures funding rates, so it falls when funding turns negative.
Known risks
- ⚠Funding-rate risk: when perpetual funding turns negative, the yield shrinks and the backing can erode
- ⚠Counterparty risk: the hedges sit on centralized exchanges and with custodians
- ⚠De-peg risk: the price can slip below $1 during market stress
One email on Monday. The whole week's yield, graded.
Best safe rates, biggest movers, every spike that died. No spam, unsubscribe anytime.