USDe Goes Big: The Sly Digital Dollar Invades Everyday Banking

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Ethena Labs has cozied up to the merry mischief-makers at UR Global to tuck its cheeky little dollar outcry, the synthetic USDe, into UR’s brand‑new digital banking platform. It’s the sort of partnership that makes a piggy bank giggle and wink at your wallet 🐷💼😉.

The official chitter-chatter from UR Global promises that folks in over 45 countries will be able to hold, convert, and soon spend USDe right inside UR’s neobank app, a sparkly bridge between DeFi goblins and proper old‑fashioned banking. 🪄💳

We’re positively tickled to announce that Ethena has joined forces with @UR_Global to sprinkle USDe into everyday finance across 45+ countries via their neobank:

• Up to 5% APY on USDe holdings
• Zero off-ramp fees for USDe-to-fiat conversion
• Available on iOS, Android and web

With direct…

– Ethena Labs (@ethena_labs) October 7, 2025

UR users will be able to rustle up to 5% per year in yield on their USDe balances without any staking shenanigans or locked assets. The integration also makes crypto‑fiat hopping feel like a hopscotch dance, with zero off‑ramp fees for USDe‑to‑fiat swaps. 🧚‍♀️💸

UR has self-custody wallets from Turnkey, guarded by biometric goblins (aka biometric authentication). Deposits and transactions are all scribbled and settled on the Mantle Network for on‑chain visibility and proper sneaky verification. 🔒🧙‍♂️

New users signing up and clearing KYC between October 7, 2025, and January 6, 2026, snag a three‑month free Pro membership, with fee exemptions and higher transaction limits. A little extra sparkle for the onboarding ceremony ✨🚪.

The service also includes a Mastercard debit card, Apple Pay, Google Pay, Alipay, and other top payment tricks that work smoothly, letting you spend from your UR accounts like a proper grown-up bank card. Spending from USDe balances directly through Mastercard will roll out in the next few weeks. 💳🗺️

USDe’s growing reach

USDe is a crypto‑native synthetic dollar dreamt up by Ethena Labs. It’s fully backed by digital assets rather than plain old fiat and designed for swift, transparent transactions. As of October 2025, its total value locked (TVL) has sailed past $14.8 billion, per DefiLlama, making it the third-largest USD‑backed stablecoin by market cap. 🚀🪙

Last month, Ethena paired up with Binance to bring USDe to the exchange. USDe is also accessible on Binance Earn and on the spot market with pairs such as USDE/USDT and USDE/USDC. Binance, Binance everywhere, and a little USDe for breakfast. 🥞🪙

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2025-10-07 16:10