Sky Pitches Genius-Compliant USDH Stablecoin With $8B Balance Sheet and 4.85% Yield

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Sam Reynolds, Parikshit Mishra

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Mentions

People	Rune
Organizations	Sky, MakerDAO, Hyperliquid, Paxos, Frax, Agora, Native Markets, State Street, VanEck, MoonPay, Stripe, Ethena, Privy, Hyperliquid Foundation

Target	Sentiment	Comment
USDHUSDH	Bullish	Sky's proposal offers competitive 4.85% returns and substantial liquidity.
Sky	Bullish	Sky's strong balance sheet and credit rating position it well for the contract.
Hyperliquid	Bullish	Hyperliquid's high trading volume and USDC deposits make it a lucrative platform.