Solana News Today: Lion Group’s $500 million bet redefines DeFi’s stablecoin Game of Thrones
Source: CoinWorld
Time: 2025-09-09 10:05:22
Lion Group has invested more than $500 million in Hyperliquid (HYPE) tokens to build the world's largest HYPE reserve. HYPE token trading volume surged 173.50% to $542.59 million in 24 hours, a record high. The move coincides with Hyperliquid's public bid for USDH stablecoin issuers, with Paxos, Frax Finance and Agora all submitting proposals to reduce reliance on USDC and USDT. The move reflects growing adoption by institutional investors and may reshape DeFi’s stablecoin landscape.