Native Markets team wins Hyperliquid USDH stablecoin bid, eyes test phase 'within days'

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Zack Abrams

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Mentions

People	Max Fiege, Anish Agnihotri, MC Lader
Organizations	Hyperliquid, Native Markets, Paxos, Bitgo, Ethena, Frax, BlackRock, Superstate, Stripe, Circle

Target	Sentiment	Comment
Native Markets	Bullish	Won a competitive bid to issue a stablecoin, showcasing strong community and ecosystem support.
USDHUSDH	Bullish	New stablecoin issuance with strong backing and planned yield distribution.