Hyperliquid USDH Competition Heats Up: BitGo & OpenEden vie for Stablecoin Creation

The race to create Hyperliquid’s native stablecoin, USDH, is heating up with two major players vying for the lead. Crypto infrastructure provider BitGo and real-world asset tokenization platform OpenEden have both presented proposals, adding a further layer of competition as validators head toward voting next week.