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Man, this is such a bittersweet announcement & I know a lot of people are going to say USDH failed.
But the reality is Native Markets shipped a better stablecoin (show me another stablecoin with free offramps right to my bank account)
And that was ultimately the pressure that led to this deal, where Hyperliquid gets the majority of yield on not just USDH, just all of its USDC too