[Huobi HTX launched USDe casting and redemption services and launched daily rewards for USDe coin holders] Huobi HTX, the world's leading cryptocurrency trading platform, announced today that it officially launched the USDe casting and redemption service, and simultaneously launched a reward mechanism for USDe coin holders, enabling global users to use USDe, a cryptocurrency native dollar asset, in a more convenient and efficient way. This move once again reflects the platform's long-term commitment to continuously building a smooth, innovative, and user centered digital asset service system. Sun Yuchen, global consultant of Huobi HTX, said: "The casting and redemption function of USDe will be directly introduced into Huobi HTX platform, so that more users can easily use advanced financial tools on the chain. This not only reflects our continuous support for technological innovation, but also reflects the core idea of Huobi HTX to continuously optimize the user experience. ”USDe: A synthetic US dollar asset supported by cryptocurrency. Launched by Ethena Labs, USDe is a synthetic US dollar asset designed for the cryptocurrency ecosystem, aimed at providing a crypto native alternative to the traditional US dollar valuation system. Unlike traditional stablecoins that primarily rely on fiat currency reserves, USDe is supported by mainstream cryptocurrencies such as Bitcoin and Ethereum, and maintains price stability through the Delta Neural mechanism. Specifically, Ethena establishes corresponding hedge positions in the derivatives market while holding spot cryptocurrency assets, in order to reduce the risk of market volatility and maintain the value of USDe highly consistent with the US dollar. This on chain risk management structure enables USDe to maintain good compatibility and composability in the DeFi and CeFi ecosystems. The USDe casting and redemption function was officially launched. With the launch of the new function, Huobi HTX users can now directly cast or redeem USDe through Ethena's smart contract on the platform, without relying on the spot order book or over-the-counter transactions. This service has the following advantages: ● No upper limit on scale: Casting and redemption are not limited by the amount of money; Unified cost structure: The casting and redemption fees for different scales remain consistent; Higher liquidity efficiency: Users can smoothly enter and exit USDe, avoiding potential slippage or liquidity issues in the secondary market. Through this on-site integration, users can manage their USDe holdings more intuitively and efficiently, reduce operational complexity, and enhance the overall fund utilization experience. In addition to casting and redemption services, users who hold USDe in the Huobi HTX spot account can also obtain daily rewards provided by the platform, which are distributed in the form of weekly settlement. This mechanism enables users to maintain exposure to US dollar denominated assets while also obtaining passive returns through holding coins, further improving fund efficiency. At the same time, Huobi HTX also launched a number of USDe related activities simultaneously, including: ● Earn Money Annualized Bonus: Huobi Earn Money will launch USDe current products in the near future, with an annualized maximum of 15%; Trading Carnival: From now until February 20th, new and old users of the platform who participate in USDe trading have the opportunity to share a $10000 prize pool. Diversified activity design further encourages users to deeply participate in the USDe ecosystem, and gain more practical returns through its application on the Huobi HTX platform. Elliot Parker, chief operating officer of Ethena Labs, said: "Huobi HTX launched the casting and redemption function of USDe on the platform, fully reflecting the user first product concept. This feature supports users of different sizes to complete USDe casting and redemption at any time, and achieves atomic level settlement. Huobi HTX's emphasis on user experience also provides a solid foundation for us to jointly promote a better cryptocurrency form. ”Adhering to the user centered innovation concept, with the full implementation of the USDe casting, redemption and coin holding incentive mechanism, Huobi HTX once again clarified its core values of serving users with practical innovation. Through in-depth cooperation with Ethena, Huobi HTX has continued to improve its trading infrastructure. While improving capital efficiency and liquidity experience, it has lowered the threshold for users to participate in complex financial mechanisms on the chain, and ensured safe and easy operation as a whole. For a long time, Huobi HTX has been committed to supporting high-quality encrypted native assets and building an effective bridge between the centralized trading platform and the new generation of DeFi innovation. Through transparent product design, robust technical architecture and continuous attention to real user needs, Huobi HTX is helping global users participate in the evolving digital asset ecosystem more efficiently. About Huobi HTX Huobi HTX was founded in 2013. After 12 years of development, it has become a comprehensive blockchain business ecosystem from a cryptocurrency exchange, covering digital asset trading, financial derivatives, research, investment, incubation and other businesses. As the world's leading Web3 portal, Huobi HTX adheres to the development strategy of global expansion, ecological prosperity, wealth effect, security and compliance, and provides the world's virtual currency enthusiasts with comprehensive, safe and reliable value and services. For more information about Huobi HTX, please visit https://www. (htx.com)/or HTX Square, and follow X, Telegram, and Discord. If you have further questions, please contact glo-media@htx- (inc.com)。 EthenaEthena is a synthetic USD protocol built on top of Ethereum, dedicated to providing the market with a cryptocurrency native solution USDe, as well as an asset sUSDe for global users that can be used for USD savings. Ethena's synthetic US dollar USDe achieves its goal as a cryptocurrency native and scalable form of currency by delta hedging against Bitcoin, Ethereum, and other governance approved spot assets. Specifically, this mechanism combines the use of perpetual contracts and delivery contracts for hedging, while holding high liquidity stablecoins including USDC and USDT to enhance overall stability and liquidity. USDe is a fully collateralized asset (although it should be noted in the risk section that certain specific events may result in losses to the underlying asset), and can be freely combined and used in centralized finance (CeFi) and decentralized finance (DeFi) ecosystems.