USDE deposit rates
12 USDE Earn products on centralized exchanges and DeFi. “@10k” is what you actually earn on a 10,000 USD deposit, after rate tiers and caps.
Showing every exchange and DeFi protocol, not filtered by any country’s rules. Pick the country you live in under “I am in” at the top to hide platforms not allowed to operate there and see each platform’s legal status.
Ethena's USDe is a synthetic dollar: backed by hedged crypto derivatives, stablecoins, and loans rather than cash. It has no licence; BaFin required Ethena to withdraw from the EU in 2025. It once fell to USD 0.65 on Binance (10/2025).
- !Reserves include hedged derivative positions (synthetic stablecoin)
- !Issuer has no licence from a major regulator (EU MiCA, New York, Singapore…)
- !Operating since 2024-02, under 3 years
- iEU: BaFin stated that trading USDe on the secondary market is no longer permitted in the EU; USDe has no MiCA licence.
- iUSDe itself has no freezing function, but Ethena can freeze sUSDe held by restricted addresses and transfer that sUSDe balance to another address.
1 more note in the full profile.
USDE is holding its peg (0.9998 USD, $4.9B in circulation).
Market data as of 27/09/2026 (DefiLlama), not part of the risk tier.
This is the risk of the coin. The risk of each exchange or protocol taking the deposit is shown on each product below.
Best rate history by platform
Only products anyone can use (no new-user or VIP offers). End-of-day values, Vietnam time.
All USDE products
Click a column heading to sort. Click a product name to see its rate tiers, caps and withdrawal time.
| Conditions & limits | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Gate | Simple Earn FlexibleOne rate for any amount.
| Flexible CEX · custodial | B· Medium risk | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | Withdrawal time: not published by the platform |
| Gate | On-chain Earn · EthenaOne rate for any amount.
| Staking CEX · custodial | B· Medium risk | 4.92% | 4.92% | 4.92% | 4.92% | 4.92% | Withdrawal takes about 7 days (T+7) Not confirmed whether the rate is before or after the platform’s fee |
| Morpho | Morpho · BaseOne rate for any amount.
| Flexible DeFi · smart contract | B· Medium risk | 4.88% | 0.00% | 4.88% | 4.88% | 4.88% | Token rewards Withdraw any time if the pool has enough liquidity |
| Morpho | Morpho · Robinhood ChainOne rate for any amount.
| Flexible DeFi · smart contract | B· Medium risk | 4.88% | 0.00% | 4.88% | 4.88% | 4.88% | Token rewards Withdraw any time if the pool has enough liquidity |
| Ethena | Ethena · Ethereum · 7 days unstaking (SUSDE)One rate for any amount.
| Staking DeFi · smart contract | B· Medium risk | 4.80% | 4.80% | 4.80% | 4.80% | 4.80% | Withdrawal takes about 7 days (T+7) Not confirmed whether the rate is before or after the platform’s fee |
| KuCoin | Simple Earn FlexibleOne rate for any amount.
| Flexible CEX · custodial | B· Medium risk | 4.75% | 4.75% | 4.75% | 4.75% | 4.75% | Withdrawal time: not published by the platform |
| Kraken | Base RewardsOne rate for any amount.
| Flexible CEX · custodial | B· Medium risk | 4.25% | 4.25% | 4.25% | 4.25% | 4.25% | Withdrawal time: not published by the platform |
| Bitget | Savings FlexibleOne rate for any amount.
| Flexible CEX · custodial | B· Medium risk | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% | Withdrawal time: not published by the platform Max 125k USDE (≈ $125,000) per user |
| Aave v3 | Aave v3 · MonadOne rate for any amount.
| Flexible DeFi · smart contract | B· Medium risk | 1.05% | 0.06% | 1.05% | 1.05% | 1.05% | Token rewards Withdraw any time if the pool has enough liquidity |
| Aave v3 | Aave v3 · EthereumOne rate for any amount.
| Flexible DeFi · smart contract | B· Medium risk | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% | Withdraw any time if the pool has enough liquidity |
| Aave v3 | Aave v3 · PlasmaOne rate for any amount.
| Flexible DeFi · smart contract | B· Medium risk | 0.36% | 0.36% | 0.36% | 0.36% | 0.36% | Withdraw any time if the pool has enough liquidity |
| Aave v3 | Aave v3 · MantleOne rate for any amount.
| Flexible DeFi · smart contract | B· Medium risk | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | Withdraw any time if the pool has enough liquidity |