Huobi HTX Announces Listing of USDe, Expanding Global Application Scenarios of Ethena's Delta-Neutral Synthetic Dollar for Users
- Core Viewpoint: Huobi HTX has announced the listing of Ethena's synthetic dollar USDe, aiming to provide users with a crypto-native dollar asset that does not rely on the traditional banking system and is deeply integrated into the DeFi ecosystem. It also plans to launch related yield features to solidify its role as a bridge connecting CeFi and DeFi innovation.
- Key Elements:
- Huobi HTX will list the synthetic dollar USDe launched by Ethena to enrich its digital asset ecosystem and provide access to cutting-edge DeFi innovations.
- USDe is a crypto-native synthetic dollar. Its price stability does not rely on traditional fiat reserves but is achieved through a Delta-neutral hedging strategy (combining spot assets with derivative short positions).
- Huobi HTX plans to launch yield features later. Users holding USDe or using it as contract margin can receive daily incentive rewards to enhance capital efficiency.
- This collaboration is seen as a significant step in promoting the broader adoption of USDe, aiming to provide users with a more efficient form of digital currency to support trading needs.
- This move is part of Huobi HTX's strategy to support cutting-edge digital assets and accelerate the integration of CeFi and DeFi ecosystems, aiming to solidify its position in the field of digital asset innovation.
Cryptocurrency exchange Huobi HTX announced today that it will soon list USDe, the synthetic dollar launched by Ethena. This move further provides global users with access to innovative on-chain financial infrastructure and continues to enrich Huobi HTX's digital asset ecosystem. The listing of USDe highlights Huobi HTX's long-term commitment to continuously supporting cutting-edge digital assets and offering global users a secure and forward-looking gateway to DeFi innovation.
Justin Sun, Global Advisor of Huobi HTX, stated: "At Huobi HTX, we consistently focus on and explore new models that push the boundaries of digital finance. USDe offers a novel implementation path for a digital dollar—it is native to the crypto market and deeply integrated into the DeFi system. We are thrilled to collaborate with Ethena and bring this innovative asset to Huobi HTX users worldwide."
The Ethena and USDe Ecosystem
The decentralized finance protocol Ethena is dedicated to building a crypto-native, scalable alternative to traditional dollar-denominated currency. Its core product, USDe, aims to create a synthetic dollar that relies minimally on the traditional banking system or fiat reserves.
Unlike conventional stablecoins backed by cash or government securities, USDe is collateralized by crypto assets and achieves price stability through a delta-neutral hedging strategy. This mechanism involves simultaneously holding spot crypto assets and corresponding derivative short positions to offset market price volatility risks, thereby pegging USDe's value to the US dollar.
How USDe Operates
USDe's delta-neutral design distinguishes its operational logic from that of traditional stablecoins. Its stability does not rely on off-chain asset reserves but is based on on-chain collateral and risk-hedging strategies in highly liquid derivative markets. This structure allows USDe to be fully integrated into the crypto ecosystem while effectively reducing directional market risk.
Unlocking New Opportunities for Huobi HTX Users
With the upcoming listing of USDe, Huobi HTX users will gain deep connectivity to crypto-native dollar assets within the DeFi ecosystem, usable for trading, asset allocation, and diversified investment strategies. Simultaneously, users can further explore on-chain application scenarios such as decentralized lending, liquidity provision, and yield optimization.
Furthermore, Huobi HTX will later launch an earnings feature, enabling users to receive daily incentive rewards provided by the platform by holding USDe or using it as contract margin, thereby further enhancing capital efficiency and trading flexibility.
This integration further solidifies Huobi HTX's role as a crucial bridge connecting centralized trading infrastructure with decentralized financial innovation, allowing users to participate in next-generation DeFi financial instruments within a familiar and trusted platform environment.
Elliot Parker, Chief Operating Officer of Ethena Labs, commented: "The collaboration between Huobi HTX and Ethena, allowing users to earn daily rewards while using USDe as contract margin, is a significant step in promoting the broader adoption of USDe. It also enables Huobi HTX users to experience a superior and more efficient form of digital currency, better supporting their trading needs."
Looking Ahead
By supporting USDe, Huobi HTX continues to solidify its leading position in the field of digital asset innovation. As centralized trading platforms and the DeFi ecosystem accelerate their integration, Huobi HTX remains committed to providing users with high-quality assets, robust infrastructure, and next-generation financial tools, empowering global users to seize opportunities in the Web3 era.
More details regarding the USDe listing timeline and related activities will be announced soon. Please stay tuned for further announcements from Huobi HTX.
About Huobi HTX
Founded in 2013, Huobi HTX has evolved over its 12-year development from a cryptocurrency exchange into a comprehensive blockchain business ecosystem encompassing digital asset trading, financial derivatives, research, investment, incubation, and other ventures.
As a global leader in Web3 access, Huobi HTX adheres to a development strategy focused on global expansion, ecosystem prosperity, wealth creation, and security & compliance, providing comprehensive, secure, and reliable value and services to virtual currency enthusiasts worldwide.
To learn more about Huobi 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 dollar protocol built on Ethereum, dedicated to providing the market with a crypto-native monetary solution, USDe, and a globally accessible dollar-savings asset, sUSDe.
Ethena's synthetic dollar, USDe, achieves its goal as a crypto-native, scalable monetary form by delta-hedging Bitcoin, Ethereum, and other governance-approved spot assets. Specifically, the mechanism employs a combination of perpetual and futures contracts for hedging while holding highly liquid stablecoins, including USDC and USDT, to enhance overall stability and liquidity.
USDe is a fully collateralized asset (though note that certain specific events, as described in the risk section, may lead to loss of supporting assets) and can be freely combined and utilized within both centralized finance (CeFi) and decentralized finance (DeFi) ecosystems.
