Currently, there are already five companies that have joined the competition for the issuance rights of Hyperliquid stablecoin USDH.



They are: Paxos, Ethena, Frax, Agora, Native. There is one week left until the voting decision.

Paxos emphasizes compliant stablecoins, willing to use 95% of interest income to repurchase HYPE coins.

Ethena has repeatedly expressed this intention, and currently its USDe is growing rapidly.

Frax BlackRock background, wants to achieve seamless exchange between USDH and USDC, USDT.

Agora has formed a bidding alliance, implying that 100% of the net income will be donated to the Hype platform or used to repurchase HYPE coins.

To be honest, it's the first time in the history of the crypto space that stablecoin issuers are this proactive. Hyperliquid has indeed created new history this time.
HYPE4.61%
ENA-1.35%
FRAX-1.79%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)