Ethena USDe vs USD1
Live Australian-dollar comparison of Ethena USDe (USDE) and USD1 (USD1): price, market cap, performance and 7-day trend.
| Metric | USDE | USD1 |
|---|---|---|
| Price (AUD) | A$1.43▲ | A$1.42 |
| Market cap | A$6.39B | A$6.39B▲ |
| 24h volume | A$141.18M | A$1.20B▲ |
| 24h change | +0.59% | +0.61%▲ |
| 7d change | +2.13%▲ | +2.09% |
| 30d change | +3.23% | +3.26%▲ |
| Rank | 22▲ | 23 |
Ethena USDe vs USD1: what the numbers say
At the latest snapshot, 1 USDE = 1.007042 USD1.
By market capitalisation, USD1 is the larger network — about 1.0× the size of Ethena USDe in AUD terms. Larger caps generally mean deeper liquidity on Australian exchanges and tighter spreads, while smaller caps can move more sharply on news or thin order books.
Over the past seven days, USDE is up 2.13% while USD1 is up 2.09% — the two are moving in lockstep. Short-term percentage moves show momentum but say nothing about long-term value.
Australian buyers can trade both Ethena USDe and USD1 on AUSTRAC-registered exchanges such as CoinSpot, Independent Reserve, Swyftx and Kraken AU. Each disposal — including swapping USDE for USD1 — is a CGT event under ATO guidance, so keep records of the AUD value at the time of every trade.
For a deeper read, open the dedicated Ethena USDe page or USD1 page.