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Usdh

All articles tagged with #usdh

cryptocurrency3 months ago•2 min saved

Hyperliquid's USDH Stablecoin Gains Momentum Amid Market Competition

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.

via AMBCrypto|

#aster #cryptocurrency #hype

cryptocurrency4 months ago•3 min saved

Hyperliquid's USDH Stablecoin Challenges USDC's $6B Dominance

Native Markets won the bid for Hyperliquid's USDH stablecoin ticker, beating competitors like Paxos and Ethena, in a significant on-chain governance vote. The launch of USDH challenges USDC's dominance, although USDC remains heavily backed with nearly $6 billion in reserves. The move has caused some market ripple effects, including a decline in Circle's stock and HYPE token prices.

via AMBCrypto|

#cryptocurrency #hyperliquid #native-markets