DragonFly General Partner Rob Hadick posted on X Platform in support of the Agora USDH proposal, saying, "This proposal from @withAUSD, @raincards, @LayerZero_Core, and @EtherFi is almost certainly the strongest USDH proposal we've seen to date. (If passed,) Hyperliquid won't face the scaling/counterparty issues of Lead Bank (which currently holds only $3 billion in assets, half of all USDC on HL), nor will it face the same challenges competing with Stripe/Tempo for Bridge support. The platform will have the same institutional backing and infrastructure as Paxos, but with access to Rain's leading on-chain spending product, the best bridge interoperability with Layerzero, and one of Ether.fi's leading vault management. This puts it on par with the best institutional backing, and its usability and infrastructure undoubtedly surpass the others. Given this and the strength of Paxos, it will be interesting to see how open and fair this process is. And to see if we receive additional strong support in the coming days."