Hyperliquid USDH Stablecoin Competition Attracts Top DeFi Firms

The Hyperliquid USDH stablecoin competition has drawn significant interest from prominent players in the decentralized finance (DeFi) and financial technology sectors. Validator voting will determine the winning proposal, leading to a shift in market dynamics for decentralized futures platform. 2.2 Billion USDC liquidity is offered by Sky Protocol and 4.85% yield on USDH promises transformative outcomes. The competition reflects growing DeFi interest, potentially reshaping stablecoin frameworks.