Ethena Labs is integrating its USDe and sUSDe assets into Copper, a leading global crypto custodian. This will allow institutional clients to natively mint and redeem Ethena's synthetic dollar assets directly within Copper's custody platform, eliminating the need for external processes.

Holders of USDe and USDtb can already earn discretionary rewards on assets held in Copper’s secure custody platform and use them as collateral to trade, and soon clients will be able to mint and redeem these assets natively too.

The move is part of Ethena's "Ethena Everywhere" initiative, aimed at expanding access and utility for its assets across the broader crypto ecosystem. The integration with Copper, which provides secure custody and prime brokerage services, is a significant step in enhancing the infrastructure for institutional adoption of Ethena's synthetic dollar. This follows Ethena's recent integration with Coinbase International via Copper's ClearLoop solution for hedging purposes.