Transak, the leading stablecoin infrastructure provider, has added support for USDe, the synthetic dollar developed by Ethena Labs, marking another step toward making decentralized finance more accessible to mainstream users around the world.
Now available across Transak’s fiat on-ramp infrastructure globally (to non-US users), USDe can be purchased directly with local payment methods, including credit and debit cards, Apple Pay, Google Pay, and bank transfers. The integration gives users seamless access to one of the fastest-growing stablecoins in crypto.
With nearly $10 billion in circulation, USDe has quickly become the third-largest tokenized dollar asset in the world, surpassing more established players thanks to its unique design. Unlike most traditional stablecoins, USDe doesn’t rely on fiat reserves, banks, or traditional financial rails to maintain its peg. As a synthetic dollar, it maintains its $1 peg using market-based financial engineering, not real-world dollars.
While traditional stablecoins like USDC are backed by cash or short-term Treasuries held in bank accounts, USDe uses a delta-neutral strategy. Ethena holds long positions in crypto assets like ETH and shorts perpetual futures contracts to neutralize volatility. The result is a stable, dollar-pegged asset built entirely on crypto-native rails. The strategy also generates income via funding rate and basis spreads, as well as ETH staking income.
This design also enables real on-chain value accrual. Users who stake their USDe to receive sUSDe receive passive rewards (currently around 10% APY) as a growth incentive.
“Stablecoin usage is at an all-time high, and many users want better stores of purchasing power preservation, access, and decentralization. USDe meets all three. As stablecoins evolve beyond just fiat wrappers, they need better infrastructure to reach users globally, and Transak powers that access layer,” said Sami Start, CEO of Transak.
USDe’s synthetic dollar model offers distinct advantages:
- It’s more censorship-resistant. Unlike fiat-backed stablecoins, USDe has a much more limited reliance on banking and fiat rails, which reduces censorship and bank failure risks.
- It appeals to a global user base, especially in emerging markets, where access to USD or bank infrastructure is limited or unreliable.
“Transak’s infrastructure unlocks fiat on-ramps for USDe at a global scale, furthering our mission to deliver the synthetic dollar to anyone, anywhere,” said Guy Young, Founder of Ethena Labs.
Transak supports multiple localized payment methods in addition to popular rails like Apple Pay, Credit Cards, Debit Cards, and Bank Transfer. The Transak suite of products is also integrated across hundreds of wallets, games, and decentralized apps.
USDe is now available for direct fiat purchase through Transak’s widget and API, accessible on any integrated partner platform.
About Transak
Transak is the payments infrastructure for stablecoins and crypto. With its Virtual Account APIs and compliance-ready rails, Transak enables apps to onboard users, facilitate cross-border payments, and support multi-party payment flows, natively within their platforms.
Integrated by 450+ apps and used by over 10 million users globally, Transak powers fiat-to-crypto and crypto-to-fiat transactions through bank transfers, cards, local payment methods, and stablecoins.
Transak operates globally, with a base in Miami and offices in London, Bengaluru, Dubai, and Hong Kong.
Learn more at transak.com or follow us on X and LinkedIn.
