Ethena Labs has partnered with UR Global to integrate its USDe stablecoin into UR’s newly launched neobank from day one, allowing users to earn up to 5% APY on their USDe holdings.

Ethena Labs (ENA) has announced a strategic partnership with UR Global to integrate its stablecoin, USDe, into UR’s neobank platform.

Through this partnership, users holding USDe in their UR wallets can earn up to 5% APY. To be eligible, users must complete UR’s KYC verification and hold USDe on the Mantle Network within their UR wallet. Earnings begin automatically when USDe is either deposited directly into the wallet or swapped from USDC to USDe within the app.

Additionally, users can enjoy zero off-ramp fees when converting USDe to fiat currencies. In the coming weeks, UR will enable direct spending of USDe via a Mastercard debit card, allowing Ethena’s stablecoin to be used for everyday purchases. The card will be fully compatible with Apple Pay, Google Pay, WeChat Pay, Alipay, and Samsung Pay.

UR brings a unified crypto and fiat account to 45+ countries

UR has launched today in over 45 countries, bringing a unified crypto and fiat account to users worldwide. Alongside Ethena’s USDe stablecoin integration and zero off-ramp fees, the platform offers multi-currency support including USD, EUR, SGD, HKD, JPY, CHF, and RMB, and instant crypto-to-fiat conversions at low fees.

Other features include global fund transfers, bank-level integration with multi-currency IBANs, peer-to-peer transfers at bank-rate efficiency. Users also benefit from secure, embedded self-custody wallets with biometric authentication, onchain transparency via the Mantle Network, and simple two-click account creation.