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Intense Competition Emerges for Hyperliquid's USDH Stablecoin
CryptocurrencyStablecoin CompetitionUpdated 7 hours ago

Intense Competition Emerges for Hyperliquid's USDH Stablecoin

The race for Hyperliquid's USDH stablecoin is heating up, with major players like Paxos and Frax entering bids. As the vote on September 14 approaches, concerns about the fairness of the selection process are rising, reflecting the competitive landscape among corporate and DeFi entities vying for a stake in this new stablecoin.

Related Articles
Inside the Hyperliquid stablecoin race: The companies vying for USDH
PositiveCryptocurrency
Hyperliquid's stablecoin vote has attracted bids from major players like Paxos and Frax, indicating a competitive market for USDH.
Hyperliquid stablecoin fight for USDH heats up amid fairness concerns
NeutralCryptocurrency
Hyperliquid's efforts to launch the USDH stablecoin have sparked intense competition among various corporate and DeFi entities. As the vote on September 14 approaches, concerns are rising about the fairness of the selection process.
Hyperliquid’s USDH stablecoin race heats up as Native Markets takes lead amid Paxos’ proposal
PositiveCryptocurrency
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.

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