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by: xpoolPosted on: September 12, 2025

Hyperliquid’s USDH Stablecoin Bid Competition Heats Up as Ethena Withdraws

The competition for Hyperliquid’s upcoming native USDH stablecoin has intensified, with Ethena Labs withdrawing its bid. Ethena, known for its USDe synthetic dollar protocol, cited community concerns over its broader product lines and lack of focus on the Hyperliquid project as the reason for withdrawal. ]

Related posts:

  1. Hyperliquid Plans Stablecoin Launch with Community Vote, Impacting HYPE Token
  2. Paxos Launches USDH Stablecoin to Boost Hyperliquid Ecosystem
  3. Ethena Exits USDH Race on Hyperliquid, Native Markets Takes Lead
  4. Hyperliquid’s $5.5 Billion USDH Migration: A Race for Stablecoin Control
Hyperliquid Stablecoins USDh

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