Native Markets Wins Race for Hyperliquid Stablecoin USDH, Beating Paxos and Rivals

Native Markets has secured the USDH ticker for Hyperliquid’s native stablecoin, emerging as the winner in a heated governance vote that drew bids from heavyweights including Paxos and Ethena. Key Takeaways: Native Markets won the USDH stablecoin bid for Hyperliquid, defeating Paxos and other rivals. Paxos failed to gain traction …