Ethena Labs has withdrawn from the bid to issue Hyperliquid’s USDH stablecoin. Founder Guy Young said community concerns — that Ethena is not a Hyperliquid-native team, has other product lines, and does not limit its ambitions to a single partner exchange — were valid, so the proposal was pulled. He added Ethena will continue developing hUSDe, USDe savings/cards, hedging flows on Hyperliquid, and HIP-3 markets.https://t.co/JzgZ41FW60 ...

Native Markets heavily favored on Polymarket to win bid to issue Hyperliquid's USDH stablecoin https://t.co/7OlqtwTFzk ...

The Race for USDH on HyperliquidHyperliquid’s exchange is soaring, hitting new highs with innovative network designs. Its latest move? The much-anticipated USDH stablecoin, set to reshape its ecosystem and boost efficiency.What to know about the teams leading the bid 👇~~ Analysis by @davewardonline ~~What is USDH?Last Wednesday's Request for Proposal invited stablecoin issuers to pitch Hyperliquid's community on issuing USDH, a move to stimulate spot markets, reduce USDC dependence, and boost exchange effic ...

⚡️ JUST IN: Kraken offered to list Paxos-issued USDH stablecoin with free USD on/off ramps including $HYPE token from Day 1, pending approval through Kraken's standard listing review process. https://t.co/Pt5ZpFAOSE ...

RT Crypto.com Research & Insights (@cryptocom_rni)DeFi+L1L2 Update:💎 Trump Media users can convert gems to $CRO🪙 Hyperliquid plans to launch its own $USDH stablecoin, reducing reliance on $USDC🚀 Ondo Finance launches tokenized equity for non-US users to invest in US stocks and ETFsFull details 👇https://t.co/uO3YBJCcg8 ...

⚡️LATEST: Polymarket users predict a 77% chance Native Markets will win Hyperliquid’s USDH stablecoin bid. https://t.co/7MUrsJvRCc ...

Hyperliquid suddenly has a swarm of suitors making passionate pleas for its hand in marriage to create the USDH stablecoin. It's a drama that kicked off last week and has now reached a fevered pitch as some of the biggest crypto companies around compete for the highly sought-after USDH ticker—culminating in an on-chain vote by Hyperliquid stakeholders on Sunday. Major companies like Paxos, Sky, and Frax Finance have thrown their hats in the ring alongside Ethena, with backing from a BlackRock executive. A ...

RT shαs (@XBT002)🌏 Asia session crypto news from @TheBlock__:@KindlyMD subsidiary @nakamoto said it has committed up to $30 million to participate in @Metaplanet_JP's global equity offering. (@timmyhmshen)@Paxos unveiled an updated proposal that includes a partnership with @PayPal in a bid to issue @HyperliquidX's upcoming $USDH stablecoin. (@ParkKunwoong)@krakenfx is opening up xStocks for its European customers and expanding xStocks token support to include BEP-20, a token standard for the @BNBCHAIN netwo ...

Paxos pitches PayPal, Venmo rails in bid to issue Hyperliquid USDH stablecoin https://t.co/oeZ7EjakQB ...

Stellar’s XLM token saw a sharp rally during a 23-hour period between September 8 and 9, advancing 4% from $0.37 to $0.38 on heavy institutional flows. Trading volume surged to 90.25 million tokens at the September 9 breakout, more than double the 24-hour average, according to market data. A Wall Street proprietary trading desk highlighted the move, noting that resistance formed at $0.39 as corporate accounts began consolidating. Analysts described the $0.38–$0.39 range as a zone of institutional accumulat ...