Strategic Considerations for USDH Launch - The launch of USDH presents a strategic choice between a Hyperliquid native team and a large blue-chip institution/consortium [1] - A native team offers maximum economic and strategic alignment, potentially becoming a core contributor to the Hyperliquid ecosystem [2] - A blue-chip issuer provides regulatory support, distribution, and resources, derisking the opportunity [1] Risk Assessment - A native team carries higher risk but offers greater expansionary potential if well executed [2] - Relying on a large institution may mean USDH is not their top priority [1] Ecosystem Impact - Involvement of a blue-chip institution could counterbalance Hyperliquid's grassroots culture, attracting more institutional interest [3] - Deeper commitment from blue-chip players is desired before entrusting them with the project [3]