Battle for $USDH: The Race for Hyperliquid’s Native Stablecoin
The competition to launch Hyperliquid’s native stablecoin is intensifying, with three compelling proposals currently under consideration:
Paxos
A regulated solution tailored for institutional adoption.
Frax Finance ($FXS)
A fully regulated stablecoin, 100% backed, and boasting support from reputable partners such as BlackRock and Superstate.
Agora
A collaborative and scalable infrastructure proposal.
Additionally, Circle is gearing up to introduce its native $USDC on Hyperliquid.
Proposal submissions will be accepted until September 10 at 10:00 UTC. Validators will cast their votes on September 14 between 10:00–11:00 UTC to determine the recipient of the $USDH ticker.
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