Underlying asset
reUSDe
Issued by Re. The facts below were checked on the date shown, from the sources listed.
reUSDe is issued by Re. What stands behind it: reinsurance premiums. It is a mezzanine tranche on its issuer's shared pool: losses reach it after the junior tranche and before the senior one. It is redeemed through a queue.
Facts
- Issuer
- Re
- What stands behind it
- reinsurance premiums
- Strategy
- underwriting reinsurance premiums
- Valued in
- USD
- Position in the capital stack
- mezzanine tranche
- Who has to keep a promise
- a reinsurer, a regulated issuer
- Redemption
- redeems through a queue; the issuer's stated worst case is 90 days
- Who can change it
- a timelock · 48 h delay · the admin role · an upgradeable contract; the same timelock holds both roles 0x69ddea332723cf5407151aaf68b9b076557fca93 (Ethereum)
a timelock · 48 h delay · the upgrade role 0x69ddea332723cf5407151aaf68b9b076557fca93 (Ethereum) - Audits
- Sherlock, 2026-07
Certora, 2025-09
Hacken, 2025-03
Hacken, 2024-11
Hacken, 2024-08 - Bug bounty
- not found in a source that meets the standard
- Depends on
- Ethena (sUSDe)
Other assets from the same issuer: reUSD - Chains
- Ethereum
- Checked
- 2026-10-01, from the issuer's own documents
- Sources
- https://docs.re.xyz/products/about-reusde
https://docs.re.xyz/minting-and-redemptions/redemptions
https://docs.re.xyz/capital-stack-and-loss-waterfall/loss-waterfall-order
https://docs.re.xyz/products/smart-contracts
https://docs.re.xyz/transparency-and-data-show-me-the-receipts/audits-attestations-custody-structure
Pendle markets on it
Live Pendle markets on this asset, as of 6 Oct 2026. Rates are not shown. Market data: Pendle.
| Chain | Maturity | Principal token |
|---|---|---|
| Ethereum | 2026-12-10 | PT-reUSDe-10DEC2026 |
Not found
What the research has not answered for this asset, said rather than left blank.
- A public bug bounty programme.
- Incidents: this encyclopedia does not yet keep a record of incidents from primary sources.