Hyperliquid USDH Vote Attracts Major Stablecoin Players

Native Markets, a prominent stablecoin team, is driving early voting for Hyperliquid’s USDH stablecoin contract, attracting key players and validators to a crucial decision on compliant USD issuance. This competition for market dominance could yield $200 million in yield, further intensifying the rivalry between major players like Paxos and Frax Finance.