Encryption platform Hyperliquid launches USDH issuance rights bidding war
Source: ChainCatcher
Time: 2025-09-17 21:05:01
According to ChainCatcher, according to King Shi, a stablecoin "bidding war" is being held on Hyperliquid, one of the fastest growing platforms in the cryptocurrency field, fighting for the right to issue USDH. USDH is a brand new token pegged to the US dollar, and the bidding institutions include Paxos, Agora, Ethena and startup Native Markets. Stablecoin issuers not only mint digital dollars, but also obtain interest income from supporting assets, and the market expects interest rates to fall this week, making expanding market share even more urgent.