Ethena's USDE Stablecoin will be released on high lipid exchange and HypereVM

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Ethena’s USDE Stablecoin is currently involved in Hyperliquid’s decentralized exchange and HypereVM blockchain, allowing daily rewards for user and cross-chain definition integration.

Hyperliquid users earn rewards via USDE Balance with HyperCore and HypereVM

Developed by Ethena Labs, USDE Stablecoin was launched in Hyperliquid’s Exchange and HypereVM networks, demonstrating its expansion within the Hyperliquid ecosystem. Hypercore users who hold at least 100 USDEs will automatically broadcast their daily rewards based on their average 24-hour balance distributed via the incentive distribution platform Merkl.

The purpose of this asset is to serve as a scalable, yield-generating dollar alternative for spot trading and distributed financial (DEFI) activities. The USDE can be retrieved directly via Hypercore’s order book or bridged to Hyperevm via Stargate Finance with Layerzero. Ethena Labs has revealed that users can transfer USDEs between Hypercore and HypereVM using the “EVM <> Core Transfer” feature on Hyperliquid’s platform.

Stablecoin is completely finalized across both systems, but initial fluidity is concentrated in the hypercore. Ethena Labs further said that partnerships with projects such as Hyperunit will allow USDE owners to borrow against unit BTC, ETH and SOL assets on platforms such as Euler Finance and Felix Protocol. Additionally, users can pair USDE or its pile variant Susde, and earn curve finance to earn rewards that include a multiplier of 30 times the Ethena incentive.

The future integration aims to expand USDE’s utilities, including cross-chain bridging via Layerzero, fixed fees offered via pendles, and advanced AMMs with Valantis Labs. Hyperliquid also plans to introduce acquisition incentives to PVP.Trade.

The launch positions USDE as a cornerstone asset within a high lipid-growing ecosystem, combining harvest opportunities and interoperability. The developers emphasized that these features represent early stages and that further expansion is expected as adoption increases.

By integrating spot trading incentives with cross-chain deficiency applications, USDE aims to increase user capital efficiency while solidifying the role of hyperglycemia in decentralized derivatives and liquidity markets.