Ethena joins race to issue Hyperliquid’s USDH stablecoin
Ethena has formally proposed to manage USDH, Hyperliquid’s planned native stablecoin, positioning itself against rivals Sky, Frax, Agora, and others.…
Tag: USDH
Ethena Bids for USDH With BUIDL-Backed Reserves
Ethena Labs has submitted a proposal to operate Hyperliquid’s native USDH stablecoin, outlining a structure that begins with full collateralization…
Joins Race to Issue Hyperliquid’s USDH Stablecoin With BlackRock-Backed Token
Decentralized finance protocol Ethena ENA$0.8207 submitted Tuesday a proposal to issue Hyperliquid’s upcoming stablecoin, joining a bidding race that has…
Sky makes bid to issue Hyperliquid’s USDH stablecoin
Sky, the decentralized finance protocol formerly known as MakerDAO, has thrown its hat into the ring to issue Hyperliquid’s upcoming…
Circle to Launch Native USDC and CCTP V2 on Hyperliquid as USDH Bids Roll In
Hyperliquid’s stablecoin race drew bids from Agora, Paxos, and Frax this week, but another headline move is Circle’s plan to…
Hyperliquid price at record high; USDH vote and 80% fee cuts fuel rally
Hyperliquid price reached an all-time high, following news of a stablecoin launch and a major institutional vote of confidence. Summary…
Hyperliquid validators to vote on USDH stablecoin ticker
Decentralized exchange and Layer-1 chain Hyperliquid is set to conduct a governance vote, where protocol validators will decide which team…
3-Way Push for USDH: Paxos, Agora, and Frax Pitch Stablecoin Infrastructure to Hyperliquid
This week, Hyperliquid received competing proposals from Paxos, Agora, and Frax to supply stablecoin infrastructure for USDH, with each bidder…
Paxos Proposes USDH Stablecoin to Anchor Hyperliquid Ecosystem and Fund Buybacks
Paxos proposed issuing USDH, a Hyperliquid‑first regulated stablecoin, aimed at accelerating adoption and enterprise integration across the Hyperliquid ecosystem. The…
Hyperliquid Moves Forward to Launch Proprietary Stablecoin USDH
Decentralized exchange Hyperliquid (HYPE) is preparing to launch its own U.S. dollar stablecoin, according to a Friday announcement from the…