Ethena Aims for Hyperliquid’s USDH Issuance, Promises 95% Revenue Reinvestment

Ethena, a prominent player in the crypto space, has officially announced its bid to acquire the issuance rights of Hyperliquid’s stablecoin USDH. This move signifies a significant step forward for both platforms and promises substantial benefits for the Hyperliquid community, particularly through Ethena’s innovative revenue-sharing model. The company’s proposal focuses on reinveting at least 95% of net USDH revenue back into the community. This is a bold approach that could redefine stablecoin integration in DeFi by directly benefitting users and stakeholders within the Hyperliquid ecosystem.