News
Significance:
5/10

Hyperliquid stablecoin goes live after fierce bidding for issuance rights

https://cointelegraph.com/news/hyperliquid-stablecoin-goes-live-after-fierce-bidding-issuance-rights

Nate Kostar

Mentions

Sentiments

Target
Sentiment
Comment
Bullish
The launch of USDH is seen as a positive development for Hyperliquid's ecosystem.
Bullish
Native Markets won the issuance rights, positioning it to manage significant stablecoin flows.
Bearish
Faced criticism for the bidding process and is seeing competition from Aster.