Hyperliquid USDH Stablecoin Race: Impacting DeFi Landscape & Selecting the Right Partner

The cryptocurrency world buzzes with excitement as Hyperliquid, a leading player in decentralized finance (DeFi), prepares to launch its native stablecoin – USDH. This race for issuance control is intensifying the competition within the DeFi space. Hyperliquid aims to leverage this opportunity by integrating USDH into its ecosystem, offering enhanced liquidity and user experience. But who will emerge victorious in this high-stakes game? 3 formidable contenders have emerged: Paxos, Frax Finance, and Agora.