BlackRock Executive Proposes Hyperliquid for Ethena’s Stablecoin Plan
Simply put Esena has submitted a proposal for Hyperliquid’s Stablecoin. USDH is indirectly backed by BlackRock’s tokenized Buidl funds. Ecena channels USDH revenues into the Hyperliquid ecosystem. Ethena Labs, the creator of the Synthetic-Dollar protocol, made a move on Tuesday, entering the USDH sphere and positioning itself as a contender to issue Hyperliquid’s Stablecoin. Currently, […]
StablecoinX increases funding to $890M for Ethena’s ENA treasury
The acquisition of Stablecoinx and Tlgy has brought in an extra $530 million to purchase digital assets, marking a total commitment of $890 million in anticipation of the merger and NASDAQ listing. Now known as Stablecoinx Inc., the company aims to hold over 3 billion ENAs, which are the native tokens of the Ethena protocol. […]