Ethena Proposes Integration With Hyperliquid And USDe Addition To L1

According to BlockBeats, on October 17, Ethena announced a proposal on its governance platform to integrate Ethena's liquidity and hedging engine into Hyperliquid. The proposal also includes adding USDe to the L1 network upon the launch of the EVM mainnet. Top trader Eugene Ng Ah Sio expressed his surprise at the proposal, noting that the acceptance of USDe by exchanges has been faster than expected. Previously, Hyperliquid only supported trading pairs denominated in USDT. Now, USDe has become the second stablecoin accepted on the largest decentralized derivatives DEX in the crypto space. This development aligns with the long-standing argument for the expansion and integration of USDe on major exchanges.