HTX announces the listing of USDe, expanding global use cases for Ethena’s delta-neutral synthetic USD for users.
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HTX announces the listing of USDe, expanding global use cases for Ethena’s delta-neutral synthetic USD for users.
The launch of USDe underscores HTX’s long-standing commitment to supporting cutting-edge digital assets and providing global users with secure, forward-looking access to DeFi innovations.
Navigating Web3 tides with focused insights
HTX, a world-leading cryptocurrency exchange, today announced the upcoming listing of USDe—the synthetic U.S. dollar launched by Ethena—further expanding global users’ access to innovative on-chain financial infrastructure and continuously enriching HTX’s digital asset ecosystem. This listing underscores HTX’s long-standing commitment to supporting cutting-edge digital assets and providing users worldwide with secure, forward-looking gateways to DeFi innovation.
Sun Yuchen, Global Advisor at HTX, stated: “At HTX, we consistently explore and champion new models that push the boundaries of digital finance. USDe offers a novel approach to digitizing the U.S. dollar—one that is natively born in crypto markets and deeply integrated into the DeFi ecosystem. We are thrilled to partner with Ethena and bring this groundbreaking asset to HTX users globally.”
Ethena and the USDe Ecosystem
Ethena, a decentralized finance protocol, is dedicated to building a scalable, crypto-native alternative to traditional dollar-denominated money. Its flagship product, USDe, aims to create a synthetic U.S. dollar that relies minimally on traditional banking systems or fiat reserves.
Unlike conventional stablecoins backed by cash or government securities, USDe is collateralized by crypto assets and maintains price stability through a delta-neutral hedging strategy. This mechanism simultaneously holds spot crypto assets and corresponding derivative short positions, effectively offsetting market price volatility and anchoring USDe’s value to the U.S. dollar.
How USDe Works
USDe’s delta-neutral design fundamentally distinguishes its operational logic from traditional stablecoins. Its stability does not rely on off-chain asset reserves but rather on on-chain collateralization and risk-hedging strategies executed in highly liquid derivatives markets. This architecture enables USDe to be fully embedded within the crypto ecosystem while significantly mitigating directional market risk.
Unlocking New Opportunities for HTX Users
With the upcoming listing of USDe, HTX users will gain deep access to crypto-native dollar assets within the DeFi ecosystem—enabling trading, portfolio allocation, and diversified investment strategies. Users can also further explore on-chain use cases such as decentralized lending, liquidity provision, and yield optimization.
In addition, HTX plans to introduce yield functionality later, allowing users to earn daily incentive rewards from the platform—either by holding USDe or using it as margin for derivatives contracts—thereby enhancing capital efficiency and trading flexibility.
This integration further solidifies HTX’s role as a critical bridge connecting centralized trading infrastructure with DeFi innovation, empowering users to engage with next-generation DeFi financial tools within a familiar, trusted platform environment.
Elliot Parker, Chief Operating Officer of Ethena Labs, said: “The collaboration between HTX and Ethena enables users to earn daily rewards while using USDe as margin—a pivotal step toward broader USDe adoption. It also allows HTX users to experience a superior, more efficient form of digital currency, better supporting their trading needs.”
Looking Ahead
By supporting USDe, HTX continues to reinforce its leadership position in digital asset innovation. As centralized exchanges and the DeFi ecosystem accelerate convergence, HTX remains committed to delivering high-quality assets, robust infrastructure, and next-generation financial tools—empowering users worldwide to seize opportunities in the Web3 era.
More details regarding the USDe listing timeline and related campaigns will be announced shortly. Stay tuned for official announcements from HTX.
About HTX
Founded in 2013, HTX has evolved over 12 years from a cryptocurrency exchange into a comprehensive blockchain business ecosystem encompassing digital asset trading, financial derivatives, research, investment, incubation, and other services.
As a world-leading Web3 gateway, HTX adheres to a strategic vision centered on global expansion, ecosystem prosperity, wealth creation, and security & compliance—delivering comprehensive, secure, and reliable value and services to cryptocurrency enthusiasts worldwide.
For more information about HTX, please visit https://www.htx.com/ or HTX Square, and follow us on X, Telegram, and Discord. For further inquiries, please contact glo-media@htx-inc.com.
About Ethena
Ethena is a synthetic U.S. dollar protocol built on Ethereum, dedicated to delivering a crypto-native monetary solution—USDe—as well as sUSDe, a dollar-denominated savings asset accessible to users globally.
Ethena’s synthetic dollar, USDe, achieves its goal of being a scalable, crypto-native monetary instrument by applying delta hedging against Bitcoin, Ethereum, and other governance-approved spot assets. Specifically, the protocol employs both perpetual and delivery-based derivatives for hedging, while also holding highly liquid stablecoins—including USDC and USDT—to enhance overall stability and liquidity.
USDe is fully collateralized (though, as noted in the risk section, certain specific events may result in losses to underlying collateral) and interoperable across both centralized finance (CeFi) and decentralized finance (DeFi) ecosystems.
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