X @Ansem 🧸💸

Stablecoin Landscape - The core question for Hyperliquid community revolves around the stewardship of USDH, emphasizing alignment rather than solely focusing on institutions versus native teams [1] - An established issuer could offer regulatory support, distribution, and resources, but USDH might not be their top priority [1] - Native teams, though seemingly riskier, could offer maximum economic and strategic alignment, effectively becoming core contributors to the Hyperliquid ecosystem [2] - Native Markets using Bridge (Stripe) as their issuer inherit global compliance and fiat rails, potentially mitigating the perceived risk [3] - The GENIUS Act commoditizes regulated stablecoins, shifting the focus to the depth of commitment to the ecosystem, regardless of the issuer's origin [4] Strategic Considerations for Hyperliquid - Hyperliquid needs to assess the long-term commitment of potential issuers, including building products around Hyperliquid, accumulating $HYPE, and running infrastructure [2] - The risk associated with a native team is primarily execution, assuming they can establish a compliant and trustworthy stablecoin [3] - Demonstrating the deepest commitment to the ecosystem is crucial for earning the community's trust [4] - Expectation of more details and new players entering the picture [4] - Exciting times for Hyperliquid [5]