Today is the day when the Hyperliquid stablecoin USDH closes bidding proposals, and there are currently more than 10 companies that have publicly announced their participation in the bidding. The community also speculates that Hype is to reduce its dependence on USDC and Coinbase, ensure that the initiative is in its own hands, and maximize the benefits of the community. Participating are: Ethena: A stablecoin guaranteed by USDTb, 95% of the reserve income is donated to the Hype project and users are reimbursed for migration costs from USDC. Paxos: U.S.-compliant stablecoin, enterprise-grade settlement and auditing, 95% interest income for HYPE token buybacks and ecological distribution, currently predicted by the community to lead the way, helping Hype expand the U.S. market. Agora: Formed a bidding alliance with Paradigm, Moonpay, etc., 100% of the net income, returned to Hype officials, used to buy back HYPE tokens, and provided a full set of fiat currency deposit and...
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