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Analysis: Ethena may deploy USDe on Hyperliquid, with the token name "USDe" already being purchased

2025-03-18 21:32

BlockBeats News, March 18th, according to crypto analyst Ericonomic, based on on-chain information, Ethena has purchased a token called "USDe" on Hyperliquid, or may integrate its stablecoin USDe into the Hyperliquid network. Analysis found that the wallet "0x4758...d605" that purchased USDe had its funds traced back to Ethena's deployer (EOA), further confirming the Ethena team's involvement.


In addition, Ethena recently sent funds to Hyperliquid and set up 4 to 8 multi-signature wallets, indicating that it may be preparing for deployment. A related proposal was submitted to the Ethena governance forum in October last year, but official progress had not been announced until now. Currently, Ethena may be waiting for the interconnection feature between HyperEVM and HyperCore to be launched before officially deploying USDe.

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