HostUSDE vs U — price, size and safety, side by side
USDE (Ethereum) vs U (BNB Chain) — every figure is the freshest dated measurement we hold for that token, never a live-feed guess. Prices stamped 2026-09-27 / 2026-09-26.
USDE vs U — normalized performance, 2026-09-21 to 2026-09-26T18:07:24
| USDE | U | |
|---|---|---|
| Price | $0.9991 | $1.00 |
| Market cap | $4.94B | $1.41B |
| 24h volume | $10.82M | $4.40M |
| Liquidity | $14.81M | $14.16M |
| FDV | $4.94B | $1.01B |
| Holders | 48,804 | 75,050 |
| Age (days) | 66 | 17 |
| Safety grade | B | B |
Where they differ
- USDE measures ~3.5× the market cap of U
- USDE measures ~2.5× the 24h volume of U
- U 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 September 27, 2026 read shows $14.8 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.
U
U at 0xce24439f2d9c6a2289f741120fe202248b666666 is United Stables' dollar on BNB Chain — a fiat-backed stablecoin barely 17 days into its record at the September 26, 2026 snapshot, and already carrying a $1.4 billion asset-wide market cap against a BNB Chain float priced $1.0 billion fully diluted. A billion dollars of supply does not appear quietly; that figure is the story.
Tracked depth reads $14.2 million — workable for the size — on $4.4 million of 24-hour volume, and the index flags what seventeen days always flags: the token is young enough that its track record is still being written. Contract-level controls were not assessed in this snapshot, so the authority posture is a live-scan question.
FAQ
Which is bigger, USDE or U?
By tracked market cap: USDE (Ethereum) measures $4.94B and U (BNB Chain) measures $1.41B — dated snapshots, not a live feed.
Which is safer, USDE or U?
On the contract checks we publish: USDE (Ethereum) grades B and U (BNB Chain) grades B. A grade is a structural check on the contract, not a promise about the asset.
How have USDE and U performed over the shared window?
Between 2026-09-21 and 2026-09-26T18:07:24, the measured snapshots show USDE at −0.16% and U at −0.12%.
More comparisons
USDE vs WEETHARC vs USDEUSDE vs USDCUSDE vs AGXU vs USDCU vs AGXWEETH vs UU vs AZTEC
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→2026-09-26T18:07:24; 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 NexFlow product.