Analysis: Ethena may deploy USDe on Hyperliquid

ChainCatcher news, encryption analyst Ericonomic posted on social media that, based on on-chain information, Ethena has purchased a token ticker named "USDe" on Hyperliquid, and may integrate its stablecoin USDe into the Hyperliquid network. Analysis shows that the wallet purchasing USDe, "0x4758…d605," has funds traceable to the Ethena deployer (EOA), further validating the connection to the Ethena team.

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 last October, but the official team has not disclosed any progress until now. Ethena may be waiting for the launch of interoperability features between HyperEVM and HyperCore before formally deploying USDe.