👍 #HYPE Hyperliquid will release its own #USDH stablecoin.

🙋‍♂ #ENA #HYPE Ethena offers Hyperliquid to 100% provide their #USDH stablecoin with their #USDtb stablecoin. In return, pledges to direct at least 95% of the net income generated through USDH reserves to benefit the Hyperliquid community, either by purchasing HYPE and contributing to the Relief Fund, or by purchasing HYPE and distributing it to users.

📊👀 CryptoRank: Hyperliquid's #USDH bidding war intensifies. Launching native stablecoin to capture ~$220M/year leaked revenue.

Reduces external issuer reliance, boosts censorship resistance, fuels #HYPE buybacks, incentives, and TVL growth via lending/spot markets.

🙋‍♂️ #USDH #HYPE The odds of Native Markets winning the Polymarket vote on who will launch USDH have risen to 90% after accusations that another contender is trying to "bribe" voters.

🙅‍♂️👀 #ENA Ethena withdrew its bid to partner with Hyperliquid to launch the #USDH stablecoin.
Polymarket prediction markets now give Native Markets a 92% chance of winning, with Paxos in second place with about 7% probability.

🎉 #HYPE Native Markets won the vote on the right to launch #USDH. cointelegraph

🥳 Stripe has unveiled its Open Issuance steblecoin issuance platform.

Phantom's #CASH token will be the first token issued through the protocol, and #USDH from Hyperliquid and #mUSD from MetaMask will also be added.

🆕 #HYPE Hyperion DeFi will terminate $29 million deals with Felix and Native Markets due to the discontinuation of #USDH support.