One of the fiercest battles in stablecoin history unfolds on Hyperliquid: the fight for control of the USDH ticker, a prize worth billions. As Paxos, Frax, Agora, and even Hyperliquid’s own Native Markets team enter the race, the community faces the ultimate question: Who will shape the future of this stablecoin? Four Contenders and the $5. 5 Billion Prize USDH is a new stablecoin within the Hyperliquid (HYPE) ecosystem, a decentralized exchange gaining massive traction. Remarkably, the ticker “USDH” — the official label to identify the stablecoin on the platform — has become the target of intense competition
source: https://beincrypto.com/rose-by-any-other-name-but-we-all-want-usdh-name/