‘Hyperliquid-Aligned’ USDH Native Markets Stablecoin Goes Live as HYPE Falls

Hyperliquid’s highly anticipated USDH Stablecoin After the newly established company’s native market, we performed live. I won the ticker bid last week. Native Market I insisted The $15 million-dollar Stablecoin was pre-aged 24 hours before it was released on Wednesday.

Earlier this month, High Liquids have begun proposals Take over the USDH ticker on the network. As a result, Crypto Company Stream Put a hat in the ring that includes Paxos, Agora, Ethena and more. Support from BlackRock. But it was a native market.A few months“It won the bid before the proposal opened.

“The next step in Hyperliquid’s advantage will be driven by native Stablecoins,” says Native Market co-founder Max Fiege. I wrote it on x. “We are honored to lead the fees at USDH and look forward to competing in the ecosystem every day.”

The main condition of the proposal was that USDH tickers were “high lipid first” and “high lipid alignment” stability. Native Markets do this by donating half of their USDH proceeds to the Support Fund of Hyperliquid, a protocol-driven buyback fund.

Publisher suggestion Stablecoin claimed it was supported by a mixture of cash and “US Treasury equivalents.” bridge– Platforms acquired by payment giants stripe Complies with 2024 and US and European regulations.

It is worth noting that USDH tickers do not receive “special privileges,” says the Hyperliquid Foundation. It is believed that Crypto’s heavyweights have not stopped fighting through tickers, and are probably viewing them as the US dollar’s Stablecoin premium ticker in the rapidly growing network.

Despite the big names bid for Stabable Coin three days before the vote begins, predictors Myriad I thought there was a 96% chance that the native market would win.

(Disclosure: Myriad is a forecast market developed by Decrypt’s parent company Dastan.)

Some high lipid community members and builders It’s called foul playit gives a head start to the native market, and Validators were considered Proposals for a new company. The native market did not respond immediately DecryptionRequest a comment.

USDH’s debut is an interesting time for high lipids as it faces its first important rival since its launch.

BNB Chain– Distributed exchange Aster Since its launch last week, we’ve seen the tokens rise sharply. Coingeckoon the platform Turning high lipids in profit In the process. That being said Defilamahigh lipids remain before Aster in weekly trading volumes; Revenue.

Both projects Distributed Exchange Specialised forever futures trading. Aster appears to be here to counter one of Crypto’s biggest projects, but high lipids dominate the field.

Aster has skyrocketed 19% in the last 24 hours to a price of $2.31 and a market capitalization of nearly $3.8 billion. Coingeckothe 49th largest coin in terms of market capitalization.

In comparison, high lipids fell by more than 6% during the day to $44.81, but it is well ahead of the market capitalization of $12.3 billion. The 19th biggest cryptocurrency. Still, it’s down almost 19% in a week, making it one of the biggest losers of the top 100 coins by market capitalization.

Myriad users have been bearished by the recent hype outlook, but 73% of predictors expect to fall to a price of $39 rather than tokens rise to a new high of $69. The odds were turned over Sunday amid the rise of Aster.