Cryptocurrencies Listed on ChangeHero

Ethena USD (USDe) is a synthetic U.S. dollar asset issued by the Ethena protocol on Ethereum layer‑2 networks. It offers crypto‑native dollar exposure for DeFi users, with peg maintenance via collateralization, liquidity pools, and incentive mechanisms. Usable for trading, lending and settlement; subject to smart‑contract and peg risks.

Ethena (ENA) is the governance and utility token of the Ethena protocol, a platform that issues synthetic U.S. dollar assets on Ethereum layer‑2 networks. ENA holders vote on protocol changes and earn incentives; the system combines collateralized positions and algorithmic mechanisms to facilitate scalable, crypto‑native dollar exposure for DeFi users.