Hyperliquid’s USDH Debut: Concentrated Supply, Modest Market Share, Big Buzz
Hyperliquid just rolled out its new stablecoin USDH, and Native Markets snagged the golden ticket to run the pipes. As of today, USDH is strutting onto the scene as the…
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All Eyes on ASTER, HYPE, and BNB: Highs, Unlocks, and Burns Shape the Market
Crypto traders have been locked on a three-coin showdown this week, with ASTER, HYPE, and BNB turning the market into a late-night rollercoaster. Whether it’s breakout fireworks or trapdoor drops,…
Tron’s Sunperp Debuts as Perp DEX Competition Intensifies
Tron’s latest entrant in decentralized derivatives, Sunperp, has opened for traders, adding a new venue to a field crowded by perp players like Hyperliquid, Avantis, Aster, Dydx, GMX, and Jupiter.…
Polymarket Bets, Early Validator Votes Show Native Markets Poised to Snag Hyperliquid’s USDH Crown
Polymarket bettors are giving Native Markets a sky-high 94% shot at landing the prize: the rights to roll out the Hyperliquid network’s upcoming native USD stablecoin, which would trade under…
Farce or Fair Play? Dragonfly Executive Blasts Hyperliquid’s USDH RFP
Haseeb Qureshi has criticized Hyperliquid’s USDH stablecoin request for proposal process, calling it a “farce” and alleging it was tailored to favor Native Markets. Allegations of a ‘Backroom Deal’ A…
Ethena Bids for USDH With BUIDL-Backed Reserves
Ethena Labs has submitted a proposal to operate Hyperliquid’s native USDH stablecoin, outlining a structure that begins with full collateralization in USDtb and a governance-linked security model. Blackrock, Securitize Ties…
Three More Bidders Join Fray for Hyperliquid’s USDH Ticker
As competition intensifies ahead of Hyperliquid’s Sept. 14 validator vote on its USDH stablecoin, Sky, Bastion, and Native Markets have submitted proposals to provide infrastructure, joining earlier bidders Frax Finance,…
Circle to Launch Native USDC and CCTP V2 on Hyperliquid as USDH Bids Roll In
Hyperliquid’s stablecoin race drew bids from Agora, Paxos, and Frax this week, but another headline move is Circle’s plan to deploy native USDC and Cross-Chain Transfer Protocol (CCTP) V2 on…
HYPE Rallies to All-Time High as Hyperliquid Aims to Expand Stablecoin Infrastructure
Amid the competition to secure a role in providing stablecoin infrastructure for USDH, Hyperliquid’s native crypto token HYPE climbed to a record peak of about $51.84 per coin. Interest in…
3-Way Push for USDH: Paxos, Agora, and Frax Pitch Stablecoin Infrastructure to Hyperliquid
This week, Hyperliquid received competing proposals from Paxos, Agora, and Frax to supply stablecoin infrastructure for USDH, with each bidder emphasizing regulatory posture, distribution, and how yield from reserves would…