Ethena’s BlackRock-Backed Proposal for Hyperliquid Stablecoin,2025-09-09T23:23:20.339Z
CoinDesk: Ethena Joins Race for Hyperliquid’s Stablecoin With BlackRock-Backed Proposal Introduction In the ever-evolving crypto landscape, competition for stablecoin dominance is heating up. Ethena, a key player in the decentralized finance (DeFi) space, has entered the race to develop a stablecoin for Hyperliquid, a prominent trading platform. This move is backed by BlackRock, the global…