Ethena Enters Competitive Market with BlackRock-Backed USDH Stablecoin Proposal
Ethena has announced its bid to manage Hyperliquid's USDH stablecoin, supported by BlackRock's BUIDL fund and Anchorage Digital. This strategic move aims to compete in the stablecoin market, with a promise to return 95% of net revenue to the ecosystem, enhancing its appeal to investors and users alike.
Ethena Enters Competitive Market with BlackRock-Backed USDH Stablecoin Proposal
Ethena has announced its bid to manage Hyperliquid's USDH stablecoin, supported by BlackRock's BUIDL fund and Anchorage Digital. This strategic move aims to compete in the stablecoin market, with a promise to return 95% of net revenue to the ecosystem, enhancing its appeal to investors and users alike.
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