The Stakes Hyperliquid is handing its community the keys to a money-printing machine. Instead of appointing a single partner, the protocol will let HYPE token-holders vote on who gets to issue USDH, the exchange’s forthcoming native stablecoin. With ~US-$5.7 billion of stable-value tokens already circulating on HyperEVM—and 95 % of that still freeze-able USDC—the winner will instantly inherit one of crypto’s deepest liquidity pools.The Contenders (so far)Paxos – “The Regulatory Fortress”Full ...

The Stakes Hyperliquid is handing its community the keys to a money-printing machine. Instead of appointing a single partner, the protocol will let HYPE token-holders vote on who gets to issue USDH, the exchange’s forthcoming native stablecoin. With ~US-$5.7 billion of stable-value tokens already circulating on HyperEVM—and 95 % of that still freeze-able USDC—the winner will instantly inherit one of crypto’s deepest liquidity pools.The Contenders (so far)Paxos – “The Regulatory Fortress”Full ...