Ethena is suspected to deploy USDe on Hyperliquid or wait for HyperEVM interoperability functionality
On chain information shows that Ethena has purchased USDe transaction codes on Hyperliquid and confirmed plans to integrate its stablecoin USDe into the Hyperliquid network. Analysis has found that the wallet 0x4758... d605 used to purchase USDe code can be traced back to the Ethena deployer (EOA), further verifying the correlation of the Ethena team. In addition, Ethena has 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 at the Ethena Governance Forum in October last year, but the official progress has not been announced before. Currently, Ethena may be waiting for the interoperability between HyperEVM and HyperCore to be launched before officially deploying USDe.