USDe Historical Price and Return Analysis: Should I buy USDe now?

Summary

This article provides a comprehensive review of USDe’s historical prices and market fluctuations since its inception, analyzing data from bull and bear market phases to evaluate the potential returns for investors purchasing 10 USDe tokens. It also addresses the key question, “Should I buy USDe now?” to help both beginners and long-term investors understand timing and growth opportunities.

Initial Stage and Market Cycles: Historical Price Review (2024 to 2026)

USDe was created by Ethena as the first censorship-resistant, scalable, and stable native cryptocurrency solution, achieved through delta hedging of Ethereum collateral. Market records indicate its early trading price was approximately $1.00.

Below are the price changes of USDe since 2024:

2024

• Opening Price: $1.00
• Closing Price: $0.9987
• Highest Price: $1.00
• Lowest Price: $0.9972
• Annual Return: -0.13%

2025

• Opening Price: $0.9994
• Closing Price: $0.9999
• Highest Price: $1.00
• Lowest Price: $0.9931
• Annual Return: 0.05%

An investor who bought 10 USDe in 2024 and sold at the end of 2025 would have a potential profit of -$0.002.

Recent Market Cycle: Should I Buy USDe Now? (2026 to Present)

Since early 2026, USDe has maintained a relatively stable price trend with minimal fluctuations, reflecting the core characteristics of this stablecoin.

2026

• Opening Price: $1.00
• Closing Price: $0.9998
• Highest Price: $1.00
• Lowest Price: $0.9992
• Year-to-date Return: -0.06%

The potential return for an investor purchasing 10 USDe during this period is:

• Since 2026 to date: -$0.006

Summary: Price Stability and Investment Characteristics

Analysis of USDe’s historical prices shows that since its launch in 2024, the asset has consistently remained near $1.00, with extremely small price fluctuations and returns within ±0.13%. This aligns with the design goals of stablecoins, indicating that USDe effectively fulfills its purpose as a censorship-resistant and scalable store of value in the crypto native space. Investors should evaluate whether to buy USDe based on their own needs for stablecoins and on-chain application scenarios.