OSL Global has added Ethena USDe (USDe) to its over-the-counter (OTC) trading platform, expanding access to a crypto-native synthetic dollar designed to maintain a 1:1 peg with the U.S. dollar through a delta-neutral hedging model.
Trading for USDe is now live with pairs including USDe/USD, USDe/USDT, and USDe/USDGO. Deposits and withdrawals are supported on Ethereum (ERC20), with OTC trading officially opening on June 10, 2026, at 16:00 (UTC+8).
USDe differs from traditional stablecoins because it does not rely on bank reserves. Instead, it uses spot crypto assets alongside short perpetual futures positions to manage price exposure, while yield is generated from staking rewards and funding rates.
We’re excited to announce that Ethena USDe (USDe) is now listed on OSL Global🚀
Ethena USDe (USDe) @ethena is a decentralized, crypto-native synthetic dollar designed to maintain a 1:1 USD peg through delta-neutral hedging, with staking yield generated from underlying asset… pic.twitter.com/jKR6crYkhc
— OSL (@osldotcom) June 10, 2026
USDe’s delta-neutral structure and OTC listing on OSL
The USDe listing allows institutional and OTC users to trade a synthetic dollar asset that is designed to stay stable through hedged crypto positions rather than fiat backing.
Ethena’s model combines long exposure to assets like ETH or BTC with equivalent short positions on derivatives markets to offset volatility. This structure allows USDe to function as a dollar-pegged asset while also generating yield from underlying market activity.
OSL said USDe will be available through OTC channels, where larger trades can be executed outside standard order books, typically used by institutional participants seeking deeper liquidity and reduced slippage.
How OSL’s USDe listing fits its broader stablecoin and token expansion strategy
The USDe listing follows a series of recent token and stablecoin expansions on OSL Global as the platform continues to widen its digital asset offerings.
Earlier this year, OSL added support for USDT on Morph (Apr 27, 2026) and USDC on Morph (Apr 22, 2026), building its stablecoin liquidity infrastructure. It also listed Plume (PLUME) with a user incentive campaign tied to a 20,000 USDC prize pool in March 2026.
Beyond stablecoins, OSL has expanded its spot offerings with listings such as Toncoin (TON), Cardano (ADA), and SUI, reflecting a broader push into diversified digital asset markets. The latest USDe listing continues this pattern, showing OSL’s focus on both stable value assets and emerging crypto infrastructure products as institutional demand for regulated trading channels increases.
In related news, OSL Group has also formed a strategic alliance with MetaComp Pte Ltd, a firm licensed by the Monetary Authority of Singapore (MAS).
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