Huobi HTX Adds USDe Minting and Rewards to Boost Liquidity

Edgen Crypto

·Feb 09 2026, 12:33

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Key Takeaways

Huobi HTX has integrated Ethena's synthetic dollar, USDe, introducing a full suite of services including minting, redemption, and daily rewards. This strategic move is designed to deepen USDe's market liquidity while simultaneously attracting user deposits and trading activity to the Huobi HTX platform.

Full Service Integration: Huobi HTX now provides a direct on-ramp and off-ramp for USDe through new minting and redemption services.
User Incentives: The exchange has launched a daily rewards program for users holding USDe, creating a direct incentive to deposit and hold the token on the platform.
Dual Strategic Benefit: The partnership aims to enhance USDe's liquidity and utility by leveraging a major centralized exchange, while driving new deposits and trading volume for Huobi HTX.

Huobi HTX Rolls Out Full USDe Service Suite

Cryptocurrency exchange Huobi HTX has officially launched minting and redemption services for USDe, Ethena's synthetic dollar. This integration provides users with a direct on-ramp and off-ramp on a major centralized trading platform, streamlining the process of acquiring and disposing of the token without needing to interact directly with decentralized protocols.

In addition to the core infrastructure services, Huobi HTX introduced a daily rewards program for all users who hold USDe balances on the exchange. This initiative creates a clear financial incentive for market participants to move their USDe holdings to HTX or mint new tokens on the platform, positioning the exchange as a competitive venue for earning yield on stablecoin assets.

Partnership Aims to Boost Liquidity and Exchange Volume

This integration provides a critical boost to the USDe ecosystem. By securing a presence on a high-volume exchange like Huobi HTX, Ethena gains significant liquidity and broader market access for its synthetic dollar. An easily accessible on-ramp and off-ramp is fundamental for a stablecoin's utility and can be a key driver for expanding its market capitalization.

For Huobi HTX, the move is a strategic play to increase platform deposits and stimulate trading activity. By offering yield-bearing opportunities on a popular synthetic dollar, the exchange can attract capital from yield-seeking investors and traders. This is expected to translate into higher trading volumes and a more liquid order book, strengthening the exchange's competitive position in the market.