HTX Launches USDe Minting and Redemption Services and Introduces Daily Rewards for USDe Holders
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HTX Launches USDe Minting and Redemption Services and Introduces Daily Rewards for USDe Holders
Sun Yuchen, Global Advisor of HTX, stated: “This enables more users to easily access advanced on-chain financial tools. It not only reflects our ongoing commitment to technological innovation but also embodies HTX’s core philosophy of continuously optimizing the user experience.”
Navigating Web3 tides with focused insights
HTX, a world-leading cryptocurrency exchange, today announced the official launch of USDe minting and redemption services, alongside a rewards program for USDe holders—enabling global users to utilize this crypto-native dollar asset in a more convenient and capital-efficient manner. This move reaffirms HTX’s long-standing commitment to building a seamless, innovative, and user-centric digital asset service ecosystem.
Justin Sun, Global Advisor to HTX, stated: “Integrating USDe minting and redemption directly into the HTX platform allows more users to easily access cutting-edge on-chain financial tools. This not only reflects our continued support for technological innovation but also embodies HTX’s core philosophy of continuously optimizing the user experience.”
USDe: A Synthetically Dollar-Backed Asset Secured by Crypto Assets
Launched by Ethena Labs, USDe is a synthetic dollar asset designed specifically for the crypto ecosystem, aiming to provide a crypto-native alternative to traditional USD-denominated systems. Unlike conventional stablecoins primarily backed by fiat reserves, USDe is collateralized by major crypto assets—including Bitcoin and Ethereum—and maintains price stability via a delta-neutral hedging mechanism.
Specifically, Ethena holds spot crypto assets while simultaneously establishing offsetting positions in the derivatives market to mitigate risks arising from market volatility, thereby keeping USDe’s value closely pegged to the U.S. dollar. This on-chain risk management architecture ensures strong compatibility and composability for USDe across both DeFi and CeFi ecosystems.
USDe Minting and Redemption Now Live on HTX
With the new functionality now live, HTX users can directly mint or redeem USDe on-platform through Ethena’s smart contracts—without relying on spot order books or over-the-counter (OTC) trading.
This service offers the following advantages:
● No size limits: Minting and redemption are unrestricted by amount;
● Uniform cost structure: Fees for minting and redemption remain consistent regardless of transaction size;
● Higher liquidity efficiency: Users can seamlessly enter and exit USDe positions, avoiding slippage or insufficient liquidity commonly encountered in secondary markets.
Through this in-platform integration, users can manage their USDe holdings more intuitively and efficiently—reducing operational complexity and enhancing overall capital utilization.
USDe Holder Rewards and Additional Benefits
In addition to minting and redemption services, users holding USDe in their HTX spot accounts are eligible for daily rewards, distributed on a weekly basis.
This mechanism enables users to maintain USD-denominated exposure while earning passive yield—further improving capital efficiency.
Meanwhile, HTX has also launched several USDe-related initiatives, including:
● Enhanced Annual Percentage Yield (APY) for Earn Products: HTX Earn will soon introduce a USDe flexible-term product offering up to 15% APY;
● Trading Carnival: From now until February 20, new and existing users participating in USDe trading on HTX stand a chance to share in a $10,000 prize pool.
This diversified set of activities further encourages deeper participation in the USDe ecosystem and delivers tangible returns through its application on the HTX platform.
Elliot Parker, Chief Operating Officer of Ethena Labs, commented: “HTX’s integration of USDe minting and redemption directly into its platform fully exemplifies a user-first product philosophy. This feature supports users of all sizes in executing instant, atomic USDe minting and redemption. HTX’s focus on user experience provides a solid foundation for our shared mission to advance higher-quality forms of cryptocurrency.”
A User-Centric Innovation Philosophy
With the full rollout of USDe minting, redemption, and holder reward mechanisms, HTX once again underscores its core value proposition: delivering real-world innovation that serves users. Through deep collaboration with Ethena, HTX continues to strengthen its trading infrastructure—enhancing capital efficiency and liquidity experience while lowering barriers to entry for complex on-chain financial mechanisms, and ensuring operations remain secure and intuitive.
For years, HTX has been committed to supporting high-quality, crypto-native assets and bridging centralized exchanges (CeFi) with next-generation DeFi innovations. Through transparent product design, robust technical architecture, and sustained attention to genuine user needs, HTX is empowering global users to participate more efficiently in the evolving digital asset ecosystem.
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 more.
As a world-leading Web3 gateway, HTX pursues a strategic vision centered on global expansion, ecosystem prosperity, wealth creation, and security & compliance—providing comprehensive, secure, and reliable value and services to cryptocurrency enthusiasts worldwide.
To learn more 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 an Ethereum-based synthetic dollar protocol 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 as a scalable, crypto-native monetary instrument by applying delta hedging against Bitcoin, Ethereum, and other governance-approved spot assets. Specifically, the protocol combines perpetual and delivery contracts for hedging while holding highly liquid stablecoins such as USDC and USDT to enhance overall stability and liquidity.
USDe is fully collateralized (though users should note, as outlined in the Risk section, certain specific events may result in losses to the underlying collateral), and is freely composable and usable across both centralized finance (CeFi) and decentralized finance (DeFi) ecosystems.
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