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Cryptocurrency exchange Huobi HTX has launched minting, redemption, and daily reward services for Ethena's USDe token to enhance its liquidity and attract user deposits.
Ethena's governance is debating a proposal to use revenue from its USDe stablecoin to fund buybacks of the native ENA token.
Brazilian lawmakers advanced a bill on February 5, 2026, to ban algorithmic stablecoins, which currently represent 90% of the country's crypto transaction volume.