OCB — Trust Rating
USDe Trust Rating
Ethena · Synthetic dollar backed by delta-neutral derivatives positions across BTC and ETH.
USDe (Ethena) is registered with OnChain Benchmark; its trust rating has not yet been published.
Stablecoin Health Rating
Scoring pending
OCB — 01
USDe across four dimensions
Each dimension contributes up to 25 points to the composite trust rating. This instrument is registered; scoring has not yet been published.
| Dimension | Score |
|---|---|
| Disclosure Quality | — |
| Redemption Liquidity | — |
| Structural Trust | — |
| Holder Concentration | — |
| Composite | — |
OCB — 02
Evidence behind the rating
A sample of the verified facts behind USDe's score. Each finding carries a confidence level; the full diligence trail is in the terminal.
- Disclosure Qualitycontract address95% confidence
Contract address verified on Ethereum: 0x4c9EDD5852cd905f086C759E8383e09bff1E68B3 (primary deployment)
Verified Jun 13, 2026· instrument_deployments registry — chain_id 1 - Disclosure Qualitycontract address95% confidence
Contract address verified on Arbitrum: 0x5d3a1Ff2b6BAb83b63cd9AD0787074081a52ef34 (Arbitrum deployment)
Verified Jun 13, 2026· instrument_deployments registry — chain_id 42161 - Holder Concentrationholder concentration snapshot90% confidence
Top-10 holders control 10.04% of supply (after excluding protocol-controlled addresses). Concentration track: retail_facing.
Verified Jun 13, 2026· norm_concentration row observed 1d ago - Redemption Liquiditydata gap90% confidence
No redemption liquidity data available at time of scoring run.
Verified Jun 13, 2026
OCB — 03
Key facts
- Issuer
- Ethena
- Asset class
- Stablecoin
- Chains
- Ethereum · Arbitrum
- Methodology
- v1.0
- Last scored
- Pending
- Rubric
- Stablecoin Health Rating
The interactive terminal shows every verified fact behind USDe's rating — the dimension-by-dimension breakdown, scoring history, outstanding supply, anomalies, and the complete evidence trail with sources.