Ethena USDe Historical Price and Yield Analysis: Should I Buy USDe Now?

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**Summary**This article provides a comprehensive review of the historical price and market volatility of Ethena USDe since its inception, combining data from both bull and bear market phases to evaluate the potential returns for investors purchasing 10 USDe. It also answers the key question, "Should I buy USDe now?" to help both beginners and long-term investors understand the timing and growth potential of their investment.## Early Market and Initial Cycles: Historical Price Review (2024)Ethena's synthetic dollar, USDe, was created around 2024, with early trading prices recorded at approximately $1.0. USDe represents the first censorship-resistant, scalable, and stable crypto-native solution, achieved through delta hedging of Ethereum collateral and fully supported with transparent on-chain metrics.Below are USDe's price changes in 2024:### 2024- Opening Price: $1.0- Closing Price: $0.9987- Highest Price: $1.0- Lowest Price: $0.9972- Annual Return: -0.13%An investor who bought 10 USDe at the start of 2024 would have a potential return of -$0.007 if sold today.## Recent Market Cycle: Should I Buy USDe Now? (2025 to Present)At the beginning of 2025, USDe continued its stablecoin characteristics, with price fluctuations remaining extremely minimal.### 2025- Opening Price: $0.9994- Closing Price: $0.9993- Highest Price: $1.0- Lowest Price: $0.9931- Annual Return: -0.01%The potential return for investors who bought 10 USDe so far in 2025 is as follows:- 2025 to date: -$0.001## Conclusion: Stability, Market Positioning, and Investment ConsiderationsThrough the analysis of USDe’s historical prices and potential returns, we can see this asset’s core characteristic as a synthetic stablecoin—high price stability and minimal volatility. Unlike traditional volatile assets, the investment value of USDe lies in its role as a censorship-resistant, scalable crypto-native stable solution, rather than traditional price appreciation potential. Investors should base their decision to purchase USDe on its use as a payment method, store of value, or DeFi composability, rather than the pursuit of high returns.