The world's leading cryptocurrency exchange platform, Huobi HTX, today announced the upcoming launch of the synthetic dollar USDe, introduced by Ethena, further providing global users with access to innovative on-chain financial infrastructure, continuously enriching the digital asset ecosystem of Huobi HTX. The launch of USDe this time highlights Huobi HTX's ongoing commitment to supporting cutting-edge digital assets and providing a secure and forward-looking DeFi innovation gateway for global users.

Huobi HTX Global Advisor Justin Sun stated: "At Huobi HTX, we have always been focused on and exploring new models to drive the boundaries of digital finance. USDe provides a new implementation path for digital dollars—it is native to the crypto market and deeply integrated into the DeFi ecosystem. We are very excited to collaborate with Ethena and bring this innovative asset to global Huobi HTX users."

Ethena and the USDe Ecosystem

The decentralized finance protocol Ethena is committed to building a crypto-native, scalable alternative to the traditional dollar-denominated currency. Its core product, USDe, aims to create a synthetic dollar that relies almost entirely 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 offsets market price volatility risk by simultaneously holding spot crypto assets and corresponding derivative short positions, anchoring USDe's value stably to the dollar.

Operating Mechanism of USDe

The Delta-neutral design of USDe distinguishes it operationally from traditional stablecoins. Its stability does not rely on off-chain asset reserves but is based on on-chain collateral and risk hedging strategies in high-liquidity derivative markets. This structure allows USDe to fully integrate into the crypto ecosystem while effectively reducing directional market risk.

Unlocking New Opportunities for Huobi HTX Users

With the upcoming launch of USDe, Huobi HTX users will be able to deeply connect with the DeFi ecosystem's crypto-native dollar assets, usable for trading, asset allocation, and diversified investment strategies. Additionally, users can further explore on-chain applications such as decentralized lending, liquidity provision, and yield optimization.

Furthermore, Huobi HTX will also introduce yield features later on, allowing users to receive daily incentives provided by the platform by holding USDe or using it as collateral, further enhancing fund utilization efficiency and trading flexibility.

This integration further solidifies Huobi HTX's role as a key bridge connecting centralized exchange infrastructure with decentralized financial innovation, allowing users to participate in next-generation DeFi financial instruments in a familiar and trusted platform environment.

Ethena Labs COO Elliot Parker said, "The collaboration between Huobi HTX and Ethena enables users to receive daily rewards while using USDe as collateral in a contract. This is an important step in promoting the wider use of USDe and allows Huobi HTX users to experience a more premium and efficient form of digital currency, better supporting their trading needs."

Future Outlook

By supporting USDe, Huobi HTX continues to strengthen its leading position in digital asset innovation. As centralized trading platforms and the DeFi ecosystem rapidly merge, Huobi HTX will continue to provide users with high-quality assets, robust infrastructure, and next-generation financial instruments to help global users seize the opportunities of the Web3 era.

More details about the launch of USDe and related activities will be announced soon. Please stay tuned for further announcements from Huobi HTX.

About Huobi HTX

Established in 2013, Huobi HTX has evolved from a cryptocurrency exchange to a comprehensive blockchain business ecosystem over 12 years, covering digital asset trading, financial derivatives, research, investment, incubation, and other businesses.

As a global leading Web3 gateway, Huobi HTX adheres to a development strategy of global expansion, ecological prosperity, wealth effect, and security and compliance, providing comprehensive, secure, and reliable value and services to cryptocurrency enthusiasts worldwide.

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