Two Blockchain Infrastructures Bid To Launch Hyperliquid’s USDH Stablecoin

Hyperliquid’s plan to introduce a native stablecoin, USDH, has sparked strong interest from two established players in the sector. Paxos and Frax Finance have both submitted competing proposals, each offering a distinct model for how USDH should function and benefit the broader ecosystem. Paxos Emphasizes Compliance and Institutional Reach for USDH On Sept. 6, Paxos outlined its intent to bring USDH to market, emphasizing its track record in regulated stablecoins and global partnerships source: https://beincrypto.com/hyperliquid-usdh-stablecoin-plan/