Ethena Labs has launched its USDe stablecoin on the Hyperliquid and HyperEVM platforms, enabling daily rewards, cross-chain bridging, and DeFi integrations for users, particularly those on Hypercore. USDe is accessible directly within the Telegram wallet, allowing over 900 million users to trade and stake without setup, offering a base yield of 18% plus an additional 10% on TON tokens. The stablecoin's yield is generated through stETH and short perpetual contracts. Meanwhile, the global stablecoin market continues to expand, with the total market capitalization reaching a new high of $243 billion, reflecting a 14% increase since the start of the year. Solana's stablecoin supply has surged by over 154% year-to-date, hitting an all-time high of $13.1 billion, with USDC surpassing $10 billion on the network for the first time. On the Aptos network, stablecoins have also reached record levels, with notable growth in USDT relative to USDC. Additionally, Ethena Labs has initiated multiple airdrops including $ENA, $sENA, and $ENSO tokens, backed by $9.2 million in funding, aimed at encouraging early adoption and participation in their DeFi ecosystem. The USDe stablecoin's integration into popular platforms and its innovative yield mechanism position it as a competitive player in the evolving stablecoin and DeFi markets.