USDe, Ethena's synthetic dollar stablecoin, maintained its $1 peg on June 9, 2026, trading at $0.99925 with minimal volatility despite broader crypto market movements. The stablecoin's market capitalization stood at $4.49 billion with a 24-hour trading volume of $56.44 million, reinforcing its position as the 22nd-ranked asset by market cap. However, the stability of USDe contrasted sharply with weakness in Ethena's governance token, ENA, which declined 8.58% over the same period.