{"id":137,"date":"2026-07-26T20:53:39","date_gmt":"2026-07-26T12:53:39","guid":{"rendered":"https:\/\/bitcointoolkit.top\/coins\/ethena-usde\/"},"modified":"2026-07-29T01:36:01","modified_gmt":"2026-07-28T17:36:01","slug":"ethena-usde","status":"publish","type":"crypto_coin","link":"https:\/\/bitcointoolkit.top\/de\/coins\/ethena-usde\/","title":{"rendered":"Ethena USDe (USDe): So bleibt USDe an seine Dollar-Referenz gebunden"},"content":{"rendered":"<p>USDe ist der kryptobasierte synthetische Dollar des Ethena-Protokolls. Er zielt auf eine Dollar-Referenz durch hinterlegte Verm\u00f6genswerte, derivative Absicherungen, liquide Stablecoin-Allokationen und operative Risikokontrollen ab; es handelt sich nicht um eine Bankeinlage und es wird nicht zugesichert, dass jedes Sekund\u00e4rmarktgesch\u00e4ft zu einem Dollar ausgef\u00fchrt wird. Zugelassene Benutzer k\u00f6nnen \u00fcber Ethena-Vertr\u00e4ge USDe pr\u00e4gen oder einl\u00f6sen, w\u00e4hrend andere Benutzer USDe auf externen M\u00e4rkten handeln. Das Protokoll kombiniert hinterlegte Verm\u00f6genswerte mit gegenl\u00e4ufigen Derivatepositionen und kann unter den aktuellen Verteilungsregeln Protokollertr\u00e4ge an sUSDe leiten. Verwenden Sie diese Seite, um zu verstehen, was USDe absichert, wer direkt einl\u00f6sen kann, wie sich sUSDe unterscheidet und welche Finanzierungs-, Verwahrungs-, B\u00f6rsen- und Liquidit\u00e4tsrisiken die Dollar-Referenz beeinflussen.<\/p>","protected":false},"excerpt":{"rendered":"<p>Verstehen Sie die USDe-Besicherung und Delta-Hedges, Whitelisted Mint und Redemption, sUSDe-Belohnungen, Verwahrung, Finanzierung, Liquidit\u00e4t und Host-Chain-Geb\u00fchren.<\/p>","protected":false},"author":0,"featured_media":0,"template":"","meta":{"footnotes":""},"class_list":["post-137","crypto_coin","type-crypto_coin","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ethena USDe (USDe): Stablecoin Transfers and Reserves | BitcoinToolkit<\/title>\n<meta name=\"description\" content=\"Understand USDe backing and delta hedges, whitelisted mint and redemption, sUSDe rewards, 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