USDe · Ethena USDe

USDe's 'A' rating reflects strong performance across asset, contract, and issuer risk dimensions, as evaluated by Auralis methodology v100. The stablecoin benefits from solid liquidity, effective peg mechanisms, and robust oracle and issuer safeguards. These factors contribute to its current risk-adjusted profile.

Risk score

27.5

Risk-adjusted APY

6.9298%

Methodology

v100

Rating seal

asset Risk

Risk contribution from the asset risk dimension.

issuer Risk

Risk contribution from the issuer risk dimension.

liquidity Risk

Risk contribution from the liquidity risk dimension.

peg Risk

Risk contribution from the peg risk dimension.

oracle Risk

Risk contribution from the oracle risk dimension.

contract Risk

Risk contribution from the contract risk dimension.

concentration Risk

Risk contribution from the concentration risk dimension.

Verifiable proof

Rating hash: 0x4fbf63c62183881ebb2b18e79ebda5d4164e18a0a3e524915fed0965b9770cf2

This deterministic rating hash is computed off-chain by the Auralis rating engine and is not yet anchored on Mantle. Only USDY is anchored on-chain today.

Counterfactual: The rating could fall if there is a significant decline in liquidity, a weakening of the peg, delays in oracle updates, or a reduction in the quality of issuer proofs.

AI provenance

Modelelfa-default

Prompt0x240672a9c5b4daaf631e0e8c653aa811708915d604efa8155353dad236333cb7

Response0x46b403e0b92ad5f44c3ae51361e3c438372d8dcf6c4edd7e59273a3112a0f8a3

CachedNo

Timestamp2026-06-03T15:57:26.808Z