The encryption platform Hyperliquid has sparked a bidding war for USDH issuance rights.

According to Mars Finance, as reported by Jin10, a "bidding war" for the issuance rights of USDH is underway on Hyperliquid, one of the fastest-growing platforms in the Crypto Assets field. USDH is a new Token pegged to the US dollar, with participants in the bidding including Paxos, Agora, Ethena, and the startup Native Markets. Stablecoin issuers not only mint digital dollars but can also earn interest income from supporting assets. The market anticipates that the Interest Rate will decrease this week, making the expansion of market share more urgent.

HYPE4.18%
ENA0.64%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)