Hyperliquid’s USDH Battle: Who Will Issue the Key Stablecoin?

A race to issue Hyperliquid’s native stablecoin, USDH, is underway, challenging the landscape of decentralized finance (DeFi). This competition promises significant benefits for the platform and its users. At stake is a chance to control a key asset that will facilitate transactions and generate revenue within Hyperliquid’s rapidly growing ecosystem. 50 billion dollars in trading volume on the platform highlights the potential impact of this USDH launch.