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Hyperliquid’s USDH bidding heats up as Ethena enters as 6th contender

CointelegraphTuesday, September 9, 2025 at 7:51:08 PM
PositiveCryptocurrency
Hyperliquid’s USDH bidding heats up as Ethena enters as 6th contender
Ethena has entered the competitive bidding for Hyperliquid's USDH, joining five other contenders. This move is significant as it is linked to a substantial $5 billion liquidity mandate.
Editor’s Note: The entry of Ethena into the USDH bidding highlights the growing interest and competition in the cryptocurrency market. With multiple players vying for a share of the liquidity, this could lead to innovative developments and better offerings for users.
— Curated by the World Pulse Now AI Editorial System
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