Ethena Eyes Hyperliquid: A New Stablecoin Era?
Update: 2025-09-09
Description
Ethena Labs eyes Hyperliquid partnership, proposing its USDtb stablecoin as the backbone for Hyperliquid's USDH, backed by BlackRock's massive BUIDL fund! This move could funnel revenue to Hyperliquid's Assistance Fund and boost HYPE token holders, already fueling a 20% price surge. With nearly $6 billion in stablecoins on the line, Hyperliquid's decision could reshape its future and DeFi itself.
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