HTX, a leading global cryptocurrency exchange, announced the launch of on-platform USDe minting and redemption services, alongside the introduction of a daily rewards program for USDe holders. The new offerings follow HTX’s recent listing of USDe and are designed to provide users with a more efficient, capital-optimized way to access and manage synthetic dollar exposure.

The launch marks another step in HTX’s strategy to expand access to advanced on-chain financial tools while enhancing the overall user experience for its global client base.

“By bringing minting and redemption directly onto HTX, we are making advanced on-chain financial tools accessible to a much broader audience,” said Justin Sun, Advisor to HTX. “This reflects our continued focus on supporting innovation and improving user experience.”

USDe: A Crypto-Backed Synthetic Dollar

USDe is a crypto-native synthetic dollar developed by Ethena Labs. Unlike traditional stablecoins that are primarily backed by fiat reserves, USDe is backed by mainstream crypto assets such as Bitcoin (BTC) and Ethereum (ETH), and stabilized through a delta-neutral hedging strategy.

This structure combines spot crypto holdings with offsetting derivatives positions to reduce price volatility and maintain a value closely aligned with the U.S. dollar. The design allows USDe to remain deeply integrated across both decentralized finance (DeFi) and centralized finance (CeFi) ecosystems, offering a differentiated approach to dollar-denominated digital assets.

Seamless Minting and Redemption on HTX

With the new integration, HTX users can now mint and redeem USDe directly on the platform via Ethena’s smart contracts, without relying on spot order books or over-the-counter liquidity.

Key features of the service include:

• Unlimited scale: No caps on minting or redemption size

• Uniform costs: Consistent minting and redemption fees regardless of transaction volume

• Improved liquidity efficiency: Smooth entry and exit without slippage or secondary market constraints

In addition, HTX has launched a daily rewards program for USDe holders, further incentivizing adoption and long-term engagement with the asset.

By combining direct minting and redemption, daily rewards, and deep platform integration, HTX aims to position USDe as a core component of its expanding suite of user-centric digital asset services, while reinforcing its role as a gateway between innovative on-chain products and global crypto markets.