The cryptocurrency exchange HTX has announced the upcoming listing of the USDe stablecoin from the Ethena protocol, according to a press release.
This asset employs a delta-neutral strategy to maintain price stability without direct ties to fiat reserves.
Unlike stablecoins such as USDT and USDC, which are backed by cash or government securities, USDe stabilizes its value through hedging. The protocol holds spot crypto assets while simultaneously opening short positions in derivative markets to neutralize price volatility.
“USDe represents a new approach to the concept of a digital dollar—an asset originally designed for crypto markets and deeply integrated with DeFi. We are excited to offer this asset to HTX users worldwide,” said HTX global advisor Justin Sun.
After the listing, users will be able to use USDe for trading, portfolio diversification, and participating in on-chain strategies such as decentralized lending, liquidity provision, and yield optimization.
HTX also plans to launch promotional rewards for USDe holders and traders who use the token as margin collateral for derivatives.
“The partnership with HTX allows users to earn daily rewards in USDe while also using the token as margin collateral. This provides a more sophisticated form of money to support trading operations,” noted Ethena Labs COO Elliot Parker.
The exchange will announce the listing date and details of the incentive programs later.
Previously, HTX was among the first to add stablecoins USD1 and U.