X @Wu Blockchain

Hyperliquid's Stablecoin Issuance Bidding War:Hyperliquid launched its native stablecoin USDH and opened community voting to choose an issuer, drawing bids from Paxos, Frax, and others. The $5.6B in USDC deposits could yield over $220M annually. Frax’s 100% yield return offer stood out, but the vote faced fairness concerns. USDH aims to boost Hyperliquid’s liquidity and revenue, but its ability to replace USDC remains uncertain.Read morehttps://t.co/eEipuTGTGk ...