This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
The competition to issue Hyperliquid’s native stablecoin, USDH, has intensified with OpenEden and BitGo joining as the final bidders. Validators begin voting today to select the issuer from eight contenders. The winner will manage a $5.9 billion reserve, predominantly held in USDC.
- Voting for the USDH issuer runs from Thursday to Sunday, decided by Hyperliquid validators.
- The stablecoin reserve totals $5.9 billion, with 95.56% held in USDC.
- Other bidders include established names like Paxos and Ethena, alongside newer platforms like Agora and Native Markets.
📎 Related coverage from: cointelegraph.com
Related Tags: Stablecoin