X @Wu Blockchain

Project Update - Ethena Labs withdrew its bid to issue Hyperliquid's USDH stablecoin due to community concerns [1] - Concerns included Ethena not being a Hyperliquid-native team and having other product lines [1] - Ethena will continue developing hUSDe, USDe savings/cards, hedging flows on Hyperliquid, and HIP-3 markets [1]