Sky, formerly known as Maker, has joined the competition to support Hyperliquid’s launch of its stablecoin, USDH. Co-founder Rune Christensen announced the proposal on Monday, highlighting Sky’s backing would offer unique advantages over rival bids. Sky’s Plan: Yield and Growth Sky’s plan for USDH includes a 4.85% return on balances, exceeding U.S. Treasury Bill rates, and integrating with its USDS stablecoin, offering an additional 4.75% yield. Additionally, the proposal utilizes multichain support through LayerZero. **Compliance and DeFi Expansion** Christensen emphasized USDH’s potential for compliance under the GENIUS Act, which restricts stablecoin yields. Sky also committed $25 million to accelerate Hyperliquid’s DeFi growth through exclusive tokens. **Other Strong Bids** This bid is the fifth, following proposals from: Native Markets (backed by Max Fiege and Stripe’s Bridge), Frax, Paxos, and Agora, a crypto infrastructure firm backed by MoonPay. **A Call for Community Support** VanEck CEO Jan van Eck intervened on X, urging Hyperliquid community members to prioritize long-term contributions while highlighting the importance of responsible bidding strategies. The Future of USDH Hyperliquid validators will vote on their preferred proposal after the network’s next upgrade. This decision could significantly impact USDH adoption and Hyperliquid’s DeFi future. *The post, “Sky Enters Hyperliquid Stablecoin Race with Bold USDH Proposal”, was published by CryptosNewss.com.*