USDe Stablecoin Launches on Hyperliquid and HyperEVM, but ENA Token Crashes

  • TL;DR Ethena Labs has launched its USDe stablecoin on both the Hyperliquid DEX and the HyperEVM blockchain, introducing a scalable, yield-generating digital asset for decentralized finance. USDe offers daily rewards for HyperCore users, seamless cross-chain transfers via LayerZero and Stargate Finance, and integration with leading DeFi platforms like Euler Finance and Curve Finance.