In today’s briefing:
- The USD Stablecoin Issuing Business: Learnings from the USDH Bidding War
The USD Stablecoin Issuing Business: Learnings from the USDH Bidding War
- Hyperliquid, a popular decentralized exchange, recently initiated an open Request for Proposal (RFP) for issuers of its native stablecoin, USDH.
- The requirements for issuers were clear: they needed to be “Hyperliquid-first,” “Hyperliquid-aligned,” and compliant.
- The platform’s substantial existing stablecoin demand of $6 billion, coupled with its rapid growth potential, attracted numerous stablecoin issuers.
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