Hyperliquid's USDH Stablecoin Gains Momentum Amid Market Competition
TL;DR Summary
Hyperliquid launched its new stablecoin USDH backed by cash and Treasuries to strengthen its trading ecosystem, but it faces stiff competition from rival Aster, which has overtaken it in weekly trading volume. Additionally, a significant $12 billion HYPE token unlock scheduled for November has caused market turbulence, with HYPE's price showing signs of weakness and bearish momentum.
- Hyperliquid launches USDH just as rival ASTER brings the heat – What now? AMBCrypto
- 'Hyperliquid-Aligned' USDH Native Markets Stablecoin Goes Live as HYPE Falls Yahoo Finance
- USDH: The Decentralized Stablecoin Transforming Crypto Payroll and Treasury Management OneSafe
- Hyperliquid’s Native Stablecoin USDH Hits Over $2M Trading Volume After Debut CoinDesk
- Hyperliquid Mainnet Launches Permissionless Spot Quoted Assets, USDH Becomes the First Enabled Asset Bitget
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