Catenaa, Saturday, February 14, 2026- HTX, a global cryptocurrency exchange, launched on-platform USDe minting and redemption services, along with a new daily rewards program for USDe holders. The initiative allows users to create or redeem USDe directly through Ethena Labs’ smart contracts, bypassing spot order books or OTC liquidity.
USDe, a crypto-backed synthetic dollar, is stabilized through a delta-neutral hedging strategy using mainstream crypto assets like BTC and ETH. This on-chain structure aims to minimize price volatility while maintaining parity with the U.S. dollar, integrating with both CeFi and DeFi ecosystems.
The new service enables unlimited minting and redemption at uniform costs, improving liquidity efficiency and reducing slippage for users of all sizes. Daily rewards for USDe holders are paid weekly, enhancing capital efficiency while maintaining dollar-denominated exposure. HTX also plans upcoming promotions, including a flexible USDe product on HTX Earn with up to 15% APY and a trading competition through February 20th with a 10,000 USDe prize pool.
Justin Sun, advisor to HTX, emphasized the platform’s focus on user-centric innovation, making advanced on-chain financial tools accessible and seamless for its global user base. Ethena Labs COO Elliot Parker highlighted that atomic settlement allows users to mint and redeem USDe 24/7 without delays or additional fees.
The launch reinforces HTX’s commitment to bridging centralized and decentralized finance, providing secure, efficient infrastructure for high-quality crypto-native assets while simplifying participation in complex on-chain financial mechanisms.
