Ethena Labs strategically invests millions of dollars to promote the development of USDe and USDtb ecosystems

PANews September 8th news, according to Ethena Labs official news, it has made millions of dollars in strategic investments in Based, an important participant in the Hyperliquid ecosystem, and reached a partnership. The collaboration will promote the use of USDe, USDtb and other unreleased Ethena products on Hyperliquid. In addition, the Based plan supports USDe and USDtb's payment functions on their debit cards, while embedding savings functions to further expand product usage scenarios. It is worth noting that this investment will specifically benefit sENA token holders, and sENA stakeholders will enjoy exclusive Based Points rewards in the future. It is reported that Based is the largest builder code platform in the Hyperliquid ecosystem, accounting for about 7% of the current perpetual contract transaction volume.