USDevsA7A5
Ethena USDe vs A7A5 — side-by-side comparison of supply, chains, backing, and peg data.
Side-by-side
USDe — Ethena USDe
A7A5 — A7A5
30-day peg stability dotted line = target
Peg history unavailable.
What the last 30 days show
Over the last 30 days USDe supply moved +13.9% and A7A5 +18.8% — A7A5 grew faster.
Key differences
- USDe is roughly 9.1× larger than A7A5 by USD circulation value ($4.97B vs $544.7M).
- USDe ranks #4 while A7A5 ranks #19 among all tracked stablecoins.
- USDe is pegged to USD while A7A5 tracks RUB — they serve different currency markets.
- USDe is a crypto-backed stablecoin; A7A5 is fiat-backed. Different mechanism, different failure modes.
- A7A5 reports rub deposits in banks in reserve. We do not track a published reserve breakdown for USDe.
- USDe is deployed on 31 chains — much broader coverage than A7A5's 2.
- Primary chain differs — most USDe supply lives on Ethereum, while most A7A5 supply is on Tron.
Full comparison table
| Metric | USDe | A7A5 |
|---|---|---|
| USD circulation value | $4.97B | $544.7M |
| Rank (by USD value) | #4 | #19 |
| Peg | USD | RUB |
| Mechanism | crypto-backed | fiat-backed |
| Backing | Delta-neutral (ETH/BTC perpetual futures) | RUB deposits in banks |
| Chains deployed | 31 | 2 |
| Primary chain | Ethereum | Tron |
| Issuer | Ethena Labs | — |
| CoinGecko | View → | View → |
Frequently Asked Questions
What's the main difference between USDe and A7A5?
USDe is USD-pegged and A7A5 tracks RUB, so they serve different currency markets and their market caps are not directly comparable. A7A5 holds rub deposits in banks. We track no published reserve breakdown for USDe.
Which is bigger, USDe or A7A5?
USDe is larger, with $4.97B in circulation vs $544.7M for A7A5. That's roughly 9.1× the size.
Is USDe safer than A7A5?
Neither is inherently safer. Safety turns on reserve composition, issuer transparency, redemption rights and regulatory oversight — none of which this page audits. USDe uses a crypto-backed model; A7A5 uses a fiat-backed one. Read each issuer's most recent reserve attestation before choosing.
Can I convert between USDe and A7A5?
Yes. USDe and A7A5 both trade on major centralized and decentralized exchanges. Since they track different currencies (USD vs RUB), conversion follows the underlying FX rate. Direct swap protocols on Ethereum, Solana, and other chains offer the tightest spreads.
Should I choose USDe or A7A5?
The right choice depends on your use case. Consider: which chain do you need? USDe is available on 31 chains and A7A5 on 2. What backing do you prefer? What's your integration surface (exchanges, DeFi protocols, payment providers)? Both have deep liquidity, so market cap alone shouldn't decide it.