Frax Founder: The competition among various parties for the right to issue USDH is not for potential profits, but to seize a super large distribution scenario.
OdailySep 8, 2025Frax founder Sam Kazemian posted on X that for stablecoin issuers and infrastructure companies, the key to competing to submit Hyperliquid stablecoin USDH issuance proposals is not the revenue sharing, but the real value lies in achieving interoperability and deep 1:1 integration with Hyperliquid, a huge distribution scenario. In fact, all parties shortlisted for the proposal (Frax, Paxos, Agora) have proposed to return 100% of the revenue.
[Odaily]
Frax Founder: The competition among various parties for the right to issue USDH is not for potential profits, but to seize a super large distribution scenario.
OdailySep 8, 2025Frax founder Sam Kazemian posted on X that for stablecoin issuers and infrastructure companies, the key to competing to submit Hyperliquid stablecoin USDH issuance proposals is not the revenue sharing, but the real value lies in achieving interoperability and deep 1:1 integration with Hyperliquid, a huge distribution scenario. In fact, all parties shortlisted for the proposal (Frax, Paxos, Agora) have proposed to return 100% of the revenue.
[Odaily]
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