News
Significance:
6/10

Paxos, Frax, and Agora fight for Hyperliquid's USDH stablecoin contract, with more bids likely incoming

https://www.theblock.co/post/369720/paxos-frax-and-agora-fight-for-hyperliquids-stablecoin-contract-with-more-bids-likely-incoming

Zack Abrams

Mentions

Regions

Code
Name
US
🇺🇸United States

Sentiments

Target
Sentiment
Comment
Bullish
Hyperliquid is expanding its ecosystem with a new stablecoin, attracting major issuers.
Bullish
The launch of USDH is expected to enhance Hyperliquid's ecosystem and attract more users.
Bullish
Paxos offers significant revenue sharing and compliance, positioning itself strongly for the contract.
Bullish
Frax proposes a community-first approach with zero rate take, appealing to Hyperliquid's decentralized ethos.
Bullish
Agora pledges 100% net revenue share and forms a coalition, making a strong bid for the contract.