Ethena Labs Withdraws from Hyperliquid’s USDH Stablecoin Competition
Ethena Labs has officially withdrawn from the competition to issue Hyperliquid’s USDH stablecoin, citing concerns from the community and validators regarding its non-native status and role in the ecosystem. Founder Guy Young announced the decision on September 11, emphasizing the importance of community feedback in their choice.
Ethena Labs Withdraws from Hyperliquid’s USDH Stablecoin Competition
Ethena Labs has officially withdrawn from the competition to issue Hyperliquid’s USDH stablecoin, citing concerns from the community and validators regarding its non-native status and role in the ecosystem. Founder Guy Young announced the decision on September 11, emphasizing the importance of community feedback in their choice.
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