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Hyperliquid’s USDH stablecoin race heats up as Native Markets takes lead amid Paxos’ proposal

CryptoSlateWednesday, September 10, 2025 at 11:54:33 AM
PositiveCryptocurrency
Hyperliquid’s USDH stablecoin race heats up as Native Markets takes lead amid Paxos’ proposal
Hyperliquid is launching its own stablecoin, USDH, leading to a competitive governance battle. This move follows its reliance on USDC for liquidity and has attracted numerous bidders.
Editor’s Note: The introduction of USDH is significant as it marks Hyperliquid's shift towards greater independence in the decentralized finance space. This competition could reshape the landscape of stablecoins and governance in the crypto market.
— Curated by the World Pulse Now AI Editorial System
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