HTX, the global cryptocurrency exchange, has launched a seamless in-platform minting and redemption service for the synthetic dollar stablecoin USDe, alongside a new daily rewards program for holders. The announcement, made on February 9, 2026, marks a significant integration between the centralized exchange and the Ethena Labs protocol, aiming to provide a more capital-efficient and user-friendly experience.
The new service allows HTX users to directly mint (create) or redeem (destroy) USDe tokens on the exchange via Ethena's smart contracts, bypassing the need for spot order books or over-the-counter (OTC) liquidity. Key features include unlimited transaction scale, uniform costs regardless of size, and improved liquidity efficiency to avoid slippage. Justin Sun, Advisor to HTX, stated the move makes "advanced on-chain financial tools accessible to a much broader audience."
In addition to the minting service, HTX has instituted a daily rewards program for users holding USDe in their spot accounts, with rewards paid weekly. The exchange is also running promotional campaigns, including a trading competition with a 10,000 USDe prize pool until February 20th and an upcoming "USDe Flexible" product on HTX Earn promising up to 15% APY.
Elliot Parker, COO of Ethena Labs, praised the integration, calling it "a great example of putting users first" that enables on-demand, atomic settlement of USDe transactions. USDe is a crypto-backed synthetic dollar developed by Ethena, collateralized by assets like BTC and ETH and stabilized through a delta-neutral hedging strategy, positioning it as an alternative to traditional fiat-backed stablecoins.
