Ethena Labs integrates USDe stablecoin with UR Global, enabling users to hold, convert, and spend crypto globally.
Ethena Labs has announced a strategic partnership with fintech firm UR Global to integrate its synthetic dollar stablecoin, USDe, into UR’s newly launched digital banking platform.
The collaboration aims to bridge decentralized finance (DeFi) and traditional banking, enabling users in over 45 countries to hold, convert, and soon spend USDe directly through the UR neobank app.
In addition to transactional features, the integration allows USDe holders to earn up to 5% annual yield without staking or locking assets. The platform also eliminates off-ramp fees for USDe-to-fiat conversions, simplifying crypto-to-fiat transactions.
UR Global provides self-custody wallets secured by biometric authentication, with all deposits and transactions recorded on the Mantle Network for on-chain visibility and verification.
The service is accessible via iOS, Android, and web apps, and supports major payment methods, including Mastercard, Apple Pay, Google Pay, and Alipay. Spending directly from USDe balances via Mastercard is expected to launch in the coming weeks.
New users who complete KYC between October 7, 2025, and January 6, 2026, can access a three-month Pro membership, offering higher transaction limits and waived fees alongside the platform’s yield and spending benefits.
USDe, a synthetic dollar developed by Ethena Labs, is backed by digital assets rather than fiat currency. As of October 2025, its total value locked (TVL) surpassed $14.8 billion, making it the third-largest USD-backed stablecoin by market capitalization.
Why This Matters
The partnership represents one of the first major integrations of a crypto-native stablecoin into mainstream digital banking, signaling a step toward broader adoption of DeFi in the global financial system.
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