PANews reported on March 18 that on-chain information showed that Ethena had purchased the USDe trading code from Hyperliquid, confirming plans to integrate its stablecoin USDe on the Hyperliquid network. Analysis found that the source of funds for the wallet 0x4758...d605 that purchased the USDe code can be traced back to the Ethena deployer (EOA), further verifying the relevance of the Ethena team.
In addition, Ethena recently sent funds to Hyperliquid and set up 4-8 multi-signature wallets, indicating that it may be preparing for deployment. It is worth noting that the relevant proposal was put forward in the Ethena governance forum in October last year, but the official has not announced the progress before. At present, Ethena may wait for the interoperability function between HyperEVM and HyperCore to be launched before officially deploying USDe.
