{"id":10083,"date":"2025-09-08T11:13:03","date_gmt":"2025-09-08T11:13:03","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethena-labs-invests-in-based-to-drive-usde-stablecoin-adoption-on-hyperliquid\/"},"modified":"2025-09-08T11:13:07","modified_gmt":"2025-09-08T11:13:07","slug":"ethena-labs-invests-in-based-to-drive-usde-stablecoin-adoption-on-hyperliquid","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethena-labs-invests-in-based-to-drive-usde-stablecoin-adoption-on-hyperliquid\/","title":{"rendered":"Ethena Labs invests in Based to drive USDe stablecoin adoption on Hyperliquid"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Based has received a strategic investment from Ethena Labs to drive wider adoption of Ethena\u2019s USDe stablecoin on Hyperliquid.<\/p>\n<div id=\"cn-block-summary-block_38ec29b2190aea12dcd36f5a6442a064\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Based contributes nearly 7% of Hyperliquid\u2019s 24-hour perpetual futures volume and will use Ethena\u2019s investment to scale the adoption of USDe stablecoin on its platform.<\/li>\n<li>With a market capitalization of $12.8 billion, USDe ranks as the third-largest stablecoin, trailing only USDT and USDC.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Based, the largest builder codes platform generating nearly 7% of Hyperliquid\u2019s perps volume, has just <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/BasedOneX\/status\/1964946855709864184\">announced<\/a> a strategic investment from Ethena Labs.<\/p>\n<p>According to Based, the funds from Ethena are intended to accelerate the adoption of Ethena\u2019s USDe stablecoin within the Hyperliquid ecosystem. \u201cWe think USDe can play a key role in the Hyperliquid ecosystem and want to be a conduit through which that can happen,\u201d the team said in a post on X.<\/p>\n<p>Ethena <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/ethena_labs\/status\/1964946996441256446\">added<\/a> that the partnership will position Based as a key partner for the adoption of not only USDe stablecoin, but also USDtb and other unreleased Ethena products on Hyperliquid.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Ethena\u2019s USDe stablecoin gains traction<\/h2>\n<p>This announcement comes amid growing momentum for Ethena\u2019s USDe stablecoin, which continues to see increasing adoption across a range of platforms and ecosystems. Recently, FalconX, a U.S.-based digital asset prime brokerage, integrated USDe into its offerings, enabling institutional clients to trade, custody, and use the stablecoin as collateral. <\/p>\n<p>Alongside FalconX and Hyperliquid, USDe has recently been <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.theblock.co\/post\/352669\/ethena-partners-with-the-ton-foundation-to-introduce-usde-and-susde-into-the-telegram-ecosystem\" target=\"_blank\" rel=\"nofollow\">launched<\/a> on the Telegram Open Network, making it accessible through\u00a0Telegram\u2019s built-in wallet as well as third-party TON wallets.<\/p>\n<p>USDe market cap currently stands at $12.8 billion, making it the third-largest stablecoin by market capitalization behind USDT and USDC.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Based has received a strategic investment from Ethena Labs to drive wider adoption of Ethena\u2019s USDe stablecoin on Hyperliquid. Summary Based contributes nearly 7% of Hyperliquid\u2019s 24-hour perpetual futures volume&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=10083"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10083\/revisions"}],"predecessor-version":[{"id":10084,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10083\/revisions\/10084"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5217"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=10083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=10083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=10083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}