NexUSDE vs ANT — price, size and safety, side by side
USDE (Ethereum) vs ANT (Arbitrum) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-11-13 / 2026-11-15.
USDE vs ANT — normalized performance, 2026-09-21 to 2026-11-13T12:15:58
| USDE | ANT | |
|---|---|---|
| Price | $0.9989 | $0.0312 |
| Market cap | $4.51B | $10.11M |
| 24h volume | $44.78M all venues | $92.57K all venues |
| Liquidity | $13.37M | $53.47K |
| FDV | $4.58B | $35.06M |
| Holders | 48,976 | 41,570 |
| Age (days) | 84 | 587 |
| Safety grade | B | A |
Where they differ
- USDE measures ~446× the market cap of ANT
- USDE measures ~250× the liquidity of ANT
- USDE measures ~484× the 24h volume of ANT
- over the shared window USDE moved −0.24% while ANT moved −7.25%
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 November 6, 2026 read shows $13.4 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.
ANT
ANT at 0xa78d8321b20c4ef90ecd72f2588aa985a4bdb684 — deployed under the name Autonomi — is an Arbitrum asset 587 days into its record at the November 6, 2026 snapshot. The $10.1 million market cap prices under a third of the $35.1 million fully-diluted figure — most of the claim sits outside the priced float.
The local book is thin and the tape quiet: $53.5 thousand of tracked depth on $9.7 thousand of 24-hour volume. No holder distribution and no contract-level controls were assessed in this snapshot.
FAQ
Which is bigger, USDE or ANT?
By tracked market cap: USDE (Ethereum) measures $4.51B and ANT (Arbitrum) measures $10.11M — dated snapshots, not a live feed.
Which is safer, USDE or ANT?
On the contract checks we publish: USDE (Ethereum) grades B and ANT (Arbitrum) grades A. A grade is a structural check on the contract, not a promise about the asset.
How have USDE and ANT performed over the shared window?
Between 2026-09-21 and 2026-11-13T12:15:58, the measured snapshots show USDE at −0.24% and ANT at −7.25%.
More comparisons
USDE vs USDGAAVE vs USDEU vs USDEUSD1 vs USDETSAT vs ANTANT vs POLUNI vs ANTLINK.E vs ANT
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, 2026-09-21→2026-11-13T12:15:58; 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 NexFlow product.