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HTX Enables On-Exchange Minting and Redemption of Ethena’s USDe, Adds Holder Rewards and Yield Perks

Direct smart contract settlement brings DeFi minting mechanics onto a centralized exchange to broaden access to crypto-native dollars.

Overview

  • HTX now lets users mint or redeem USDe directly through Ethena’s smart contracts with 24/7 atomic settlement, removing reliance on order books or OTC channels.
  • The integrated flow supports unlimited transaction size and uniform costs to provide smoother entry and exit from USDe positions.
  • A daily rewards program for USDe balances in HTX spot accounts has begun, with payouts made weekly.
  • A trading competition is live through February 20 with a 10,000 USDe prize pool to encourage early participation.
  • HTX announced a forthcoming USDe Flexible product on HTX Earn offering up to 15% APY, expanding earning options for users.