Ethena Labs Partners with UR Global to Integrate USDe
Ethena Labs has partnered with fintech company UR Global to add its synthetic dollar, USDe, to UR’s new digital banking platform. The collaboration enables users in over 45 countries to hold, convert, and soon spend USDe within UR’s neobank app. This integration bridges decentralized finance (DeFi) and traditional banking.
UR Global’s official blog states that users can earn up to 5% annual yield on USDe balances without staking or locking assets. The platform also offers zero off-ramp fees for USDe-to-fiat conversions.
UR’s wallets use Turnkey self-custody technology secured by biometric authentication. All deposits and transactions are recorded on the Mantle Network, providing on-chain transparency and verification.
New users who sign up and complete KYC between October 7, 2025, and January 6, 2026, receive a free three-month Pro membership. This includes fee exemptions and higher transaction limits.
The service supports a Mastercard debit card, Apple Pay, Google Pay, Alipay, and other payment methods. Spending directly from USDe balances via Mastercard will launch in the coming weeks.
USDe’s Market Position and Recent Partnerships
USDe is a crypto-native synthetic dollar created by Ethena Labs. It is fully backed by digital assets instead of fiat currency. USDe is designed for fast, transparent transactions.
As of October 2025, USDe’s total value locked (TVL) exceeds $14.8 billion, according to DefiLlama. It ranks as the third-largest USD-backed stablecoin by market capitalization.
In September 2025, Ethena partnered with Binance to list USDe on the exchange. USDe is available on Binance Earn and the spot market with pairs like USDE/USDT and USDE/USDC.
