Stablecoin platforms · Named, not rankedEthena USDe
Ethena USDe is a synthetic stablecoin listed among stablecoin platforms · ethena.fi ↗
Named, too few times to rank.
A product needs 10 labels in a category before a share is stated. Ethena USDe has 5.
Why models recommend it
“Most innovative/yield-bearing: USDe — offers capital efficiency and returns through delta-neutral strategies.”DeepSeek V4 Flash · Comparative question · alternative
“USDe for users who understand its derivatives model”GPT-6 Luna · Comparative question · alternative
What gives them pause
“Examples to Monitor Carefully: Ethena (USDe)... synthetic stablecoins can experience temporary depegging and liquidity crunches”Gemini 3.5 Flash · Negative question · warning
“Higher complexity and technical risk compared to fiat-backed coins, but offers higher native yields.”Qwen 3.7 Flash · Comparative question · warning
“BE CAUTIOUS: Newer Synthetic/Experimental Designs ... Lost its peg briefly in October 2025”Kimi K2 · Negative question · warning
Also on the shortlist
The products named in the same answers as Ethena USDe, over the 7 answers that named it, and how often each was the first choice instead.
| Product | Named together | Picked instead | |
|---|---|---|---|
| 5 | 1 | View → | |
| 4 | 2 | View → | |
| 4 | 0 | View → | |
| 3 | 0 | View → | |
| 3 | 0 | View → | |
| 2 | 2 | View → | |
| 2 | 1 | View → | |
| 2 | 0 | View → | |
| 1 | 1 | View → | |
| 1 | 1 | View → |
A side-by-side page exists where both products are among a category's top eight.
At a glance
Stated on Ethena USDe's own site, not checked by Gane.
- Certifications
- SOC 2 Type II
- Customers named
- Binance, Bybit, Coinbase, Robinhood, MEXC, Kraken, Deribit, Upbit
How this is measured
Fourteen AI models from 12 labs are asked the same buying questions six ways, for three company sizes. Standings refresh every edition.
Gane sells AI visibility software. No company can pay to change a result.
Read the method →Sources returned with these answers
Fourteen of the fourteen models returned a source list in this edition: five return the pages they cited and nine the search results they consulted. These counts come from 7 of the 7 answers that named Ethena USDe and are not a share of its labels.
Domains cited
Nineteen of the twenty-three domain citations in answers naming Ethena USDe came from a third party's page.
Pages cited
Pages are listed as the models cited them.
By model
| Model | First choice | Alternative | Mention | Warning | Labels |
|---|---|---|---|---|---|
| Claude Haiku 4.5 | 0 | 0 | 0 | 0 | 0 |
| GPT-5.4 mini | 0 | 0 | 0 | 0 | 0 |
| Gemini 3.5 Flash | 0 | 0 | 0 | 1 | 1 |
| Perplexity Sonar | 0 | 0 | 0 | 0 | 0 |
| Grok 4.20 | 0 | 0 | 0 | 0 | 0 |
| Mistral Small | 0 | 0 | 0 | 0 | 0 |
| DeepSeek V4 Flash | 0 | 1 | 0 | 0 | 1 |
| Llama 4 Maverick | 0 | 0 | 0 | 0 | 0 |
| Qwen 3.7 Flash | 0 | 0 | 0 | 1 | 1 |
| Kimi K2 | 0 | 0 | 0 | 1 | 1 |
| GLM 4.7 FlashX | 0 | 0 | 0 | 0 | 0 |
| MiniMax M2.5 | 0 | 0 | 0 | 0 | 0 |
| GPT-6 Luna | 0 | 1 | 0 | 0 | 1 |
| Muse Glimmer 30B | 0 | 0 | 0 | 0 | 0 |
What it publishes
| Kind | Pages | Last 90 days | 2025-11 to 2026-10 | Latest | Categories named |
|---|---|---|---|---|---|
| Blog | 85 | 4 | 2026-09-03 | ||
| Case study | 2 | 0 | 2025-02-25 | ||
| Comparison | 2 | 0 | 2024-10-30 |
Most recent
- 2026-09-03Custodian attestations of assets backing usde august 3 blog
- 2026-08-28Extending the basis trade to equities blog
- 2026-08-27Ethena ecosystem update blog
- 2026-07-30Custodian attestations of assets backing usde july 3 blog
- 2026-07-01Custodian attestations of assets backing usde june 3 blog
- 2026-06-05Rwa backing blog
How it is countedHide how it is counted
Every page ethena.fi exposes, subdomains included. Kind is read from the address and title. The last 90 days, the latest date and the twelve months count pages by when they were published, from the site's feeds, a date in the address, or the page's own publication date, read from up to a hundred of its most recently changed pages; a page that says only when it last changed is counted in its kind but not in when, so the recent counts are a floor, and a kind none of whose pages gives a publication date reads undated. Read October 5, 2026.