sUSDe is the yield-bearing half of Ethena's system — USDe locked in the staking contract, accruing the funding-rate and staking yield the delta-neutral hedge generates. That is why it trades above a dollar ($1.24 at our October 6, 2026 read): the price is the receipt appreciating, not a peg. The contract 0x9d39a5de30e57443bff2a8307a4256c8797a3497 is the canonical Ethereum deployment; tracked pool liquidity reads $26.1 million.
The honest mechanics: holding sUSDe means opting into the full Ethena stack — the basis-trade carry (which can go negative), the offshore-exchange custody of the hedge, plus a ~7-day unstaking cooldown on the way out. The cooldown matters in stress: sUSDe can trade at a discount to its accrued value precisely when everyone wants the exit at once. None of this is hypothetical — it is the price of the yield.
Figures are HostDeFi's read dated October 6, 2026; the scan refreshes them. If you want the transferable dollar without the yield or the lock, that is plain USDe — a different contract on this same corpus. Verify the address on docs.ethena.fi before sizing in.
Balance concentration: the 10 largest token accounts hold 76.37% of SUSDE's supply as of 2026-09-27 — a heavily concentrated distribution — a handful of accounts can move or exit this market at will. Note these are token accounts: liquidity pools, exchange wallets and lockers count among them, so read this together with liquidity, not instead of it.
Price and safety history of SUSDE
Every dated snapshot we hold for SUSDE — price, market structure and grade, as measured, with nothing interpolated between them.
Date
Price
Market cap
Liquidity
Holders
Grade
2026-10-17
$1.25
$1.20B
$19.91M
12,112
E
2026-10-16
$1.24
$1.19B
$19.72M
12,112
E
2026-10-15
$1.25
$1.20B
$20.93M
12,112
E
2026-10-14
$1.25
$1.20B
$20.30M
12,112
E
2026-10-13
$1.25
$1.21B
$21.09M
12,112
E
2026-10-12
$1.25
$1.21B
$21.86M
12,112
E
2026-10-11
$1.25
$1.21B
$21.69M
12,112
E
2026-10-09
$1.25
$1.22B
$23.14M
12,154
E
2026-10-08
$1.26
$1.24B
$23.98M
12,154
E
2026-10-07
$1.25
$1.23B
$23.61M
12,154
E
2026-10-06
$1.25
$1.24B
$26.10M
12,112
E
2026-10-05
$1.26
$1.25B
$25.58M
12,154
E
2026-10-04
$1.26
$1.25B
$25.25M
12,154
E
2026-10-03
$1.25
$1.24B
$25.51M
12,154
E
2026-10-02
$1.25
$1.25B
$25.63M
12,154
E
2026-10-01
$1.25
$1.26B
$24.41M
12,154
E
2026-09-30
$1.25
$1.27B
$24.46M
12,154
E
2026-09-27
$1.26
$1.32B
$24.55M
12,154
E
2026-09-26
$1.24
$1.32B
$24.26M
12,154
E
2026-09-21
$1.24
$1.32B
$24.26M
12,154
E
2026-09-14
$1.24
—
$1.11M
—
B
2026-09-08
$1.24
—
$817.61K
—
B
Contract
0x9d39a5de30e57443bff2a8307a4256c8797a3497
Verify SUSDE by this address, never by name or ticker.
Put the SUSDE grade on your site
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Linked shield · click to copy<a href="https://hostdefi.com/token/ethereum/susde/" target="_blank" rel="noopener"><img src="https://hostdefi.com/api/badge/ethereum/0x9d39a5de30e57443bff2a8307a4256c8797a3497.svg" alt="SUSDE safety grade E on HostDeFi"></a>
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Markdown (READMEs) · click to copy[](https://hostdefi.com/token/ethereum/susde/)
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FAQ
Is SUSDE a safe token?
As of the 2026-10-09 snapshot, SUSDE scores 29/100 (grade E) on HostDeFi's on-chain read — based on a contract that can mint new supply, can freeze or blacklist transfers, liquidity of $26.10M and 12,112 holders, with the creator wallet holding <0.01% of supply. That grades contract and market structure, not price direction — a clean read is not a guarantee, so re-scan before trading, since on-chain state can change.
Can you sell SUSDE, or is it a honeypot?
Careful here: SUSDE's contract can pause transfers or blacklist wallets as of 2026-10-09 — the EVM lever that can trap a sale is present. The power existing doesn't mean it will be used, but verify the current state with the live scan before trading.
Who holds most of SUSDE?
The wallet that created SUSDE holds <0.01% of the supply as of 2026-10-09 — a small stake, under the 5% the scanners flag. That sits alongside a holder base of 12,112; a broad base lowers the odds that any one seller can steer the price, but the creator's share is the number to watch first.
Can SUSDE's supply be inflated?
Yes — the contract can still mint new supply as of the 2026-10-09 snapshot, so the deployer or a minter role can dilute holders. Treat the circulating figure as a floor, not a cap.
What is the SUSDE contract address?
The SUSDE contract address on Ethereum is 0x9d39a5de30e57443bff2a8307a4256c8797a3497. Always verify a token by its contract address, not its name or ticker — scam clones copy tickers, but the address is unique.
Where can you buy SUSDE safely?
Run the live on-chain scan at the top of this page first; if SUSDE clears, you can swap it here directly. Whatever venue you use, match the contract address (0x9d39a5de30e57443bff2a8307a4256c8797a3497) exactly before trading — copying the ticker is how clone scams catch buyers, and the address is the one field they can't fake.
HostDeFi is an educational risk tool, not financial advice. Figures are a dated on-chain snapshot and can change; a clean read is not a guarantee. Always do your own research. Free · no signup · a HostDeFi product
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