BitGo adds usde rewards, expanding institutional access to synthetic dollars

Institutional clients using BitGo’s platform can now access usde rewards as part of an expanded yield offering on digital dollars.

BitGo launches integrated USDe reward support

BitGo Inc., a leading digital asset infrastructure company and wholly owned subsidiary of BitGo Holdings, Inc. (NYSE: BTGO), has introduced support for rewards on USDe, the synthetic dollar created by Ethena Labs. Moreover, clients holding qualifying USDe with BitGo may now be eligible to receive monthly rewards without any staking or lockup requirements.

USDe balances held in custody with BitGo Bank & Trust, National Association may qualify for these rewards, giving institutions an integrated experience across BitGo’s secure platform. The new feature further expands the range of assets and services available to institutional clients that rely on BitGo custody services for their operations.

Focus on institutional access and liquidity

“BitGo is focused on expanding the tools institutions can use to manage digital assets within a secure and streamlined framework,” said Mike Belshe, CEO and Co-founder of BitGo. However, he emphasized that maintaining liquidity and operational simplicity remains a priority for professional market participants.

“Support for USDe rewards gives eligible clients another way to hold digital assets on the BitGo platform while maintaining liquidity and operational simplicity,” Belshe added. That said, the company sees this addition as part of a broader strategy to deepen services for institutional digital assets and to complement its existing custody, trading and settlement stack.

How USDe is structured and why it matters

USDe is a synthetic dollar developed by Ethena Labs and designed to maintain a target value of one U.S. dollar. It uses a delta neutral strategy that combines spot digital asset positions with offsetting derivatives, aiming to minimize directional market risk while preserving value.

According to Elliot Parker, COO of Ethena, BitGo’s role is central in broadening institutional reach. “BitGo’s institutional infrastructure makes it an important platform for expanding access to USDe among institutional market participants,” Parker said. Moreover, he noted that making rewards available through BitGo significantly broadens access for clients seeking to hold the Ethena synthetic dollar within an institutional platform.

Accessing rewards through BitGo

Clients may access the monthly rewards program associated with USDe either by using their current balances or by transferring existing USDe holdings to BitGo’s ecosystem. However, eligibility will depend on whether balances meet the qualifying criteria defined within the BitGo environment.

The introduction of usde rewards also reinforces BitGo’s positioning in stablecoin custody solutions, as institutions increasingly demand integrated yield opportunities on tokenized dollars. That said, the company continues to stress security and regulatory oversight as core pillars of its product suite.

About BitGo

BitGo (NYSE: BTGO) is a digital asset infrastructure provider offering institutional-grade custody, wallets, staking, trading, financing, stablecoins, and settlement services from regulated cold storage. Since 2013, BitGo has focused on accelerating the transition of the financial system to a digital asset economy, serving a growing base of professional investors.

BitGo maintains a global presence and operates multiple regulated entities, including BitGo Bank & Trust, National Association, the first federally chartered digital asset trust bank owned by a publicly traded company. Today, BitGo serves thousands of institutions, including many of the industry’s top brands, financial institutions, exchanges, and platforms, and millions of investors worldwide.

About Ethena Labs

Ethena Labs operates a synthetic dollar protocol on Ethereum that provides a crypto-native monetary solution, USDe, and a globally accessible dollar savings asset, sUSDe. Moreover, its design aims to combine on-chain transparency with a derivatives-backed structure to support scalable digital dollar instruments.

In summary, BitGo’s integration of USDe rewards offers institutions a new way to earn on synthetic dollar balances while retaining custody within a regulated, security-focused infrastructure.