Hyperliquid’s USDH Stablecoin: Competition Heats Up as Industry Giants Battle for Control

The cryptocurrency world is buzzing with excitement as a major competition unfolds to determine the future of Hyperliquid’s native USDH stablecoin. Two leading contenders, blockchain-based real-world asset tokenization platform OpenEden and global digital asset custodian BitGo, have entered the race, each vying for the prestigious opportunity to shape this innovative ecosystem. This decision is not merely about launching a new asset; it signifies a strategic battle for influence, innovation, and stability within the decentralized finance (DeFi) landscape. 2023 is shaping up to be one of the most exciting years in the history of DeFi.