Hyperliquid’s USDH Stablecoin and the Battle for Issuers
Hyperliquid’s USDH Stablecoin and the Battle for Issuers

Hyperliquid’s plan to launch USDH has triggered one of the most competitive governance battles in DeFi. Multiple issuers are competing for the mandate, offering different models of decentralisation, regulation, and revenue sharing.

2025-09-12Read
  • 1