Frax Founder Discusses Hyperliquid USDH Competition: Interoperability Value Higher Than Yield

律动Sep 8, 2025
#DeFi $HYPE
On September 8th, Frax founder Sam Kazemian posted on social media, pointing out that the core revelation of the Hyperliquid USDH incident is that the real value of stablecoin issuers lies in the interoperability and deep integration of the economic distribution chain, rather than the obtainable treasury bond收益. He stated that candidates including Frax and Paxos are willing to return 100% of the 收益 to Hyperliquid, but the actual value should be far more than 收益 sharing. [BlockBeats]
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Frax Founder Discusses Hyperliquid USDH Competition: Interoperability Value Higher Than Yield

律动Sep 8, 2025
#DeFi $HYPE
On September 8th, Frax founder Sam Kazemian posted on social media, pointing out that the core revelation of the Hyperliquid USDH incident is that the real value of stablecoin issuers lies in the interoperability and deep integration of the economic distribution chain, rather than the obtainable treasury bond收益. He stated that candidates including Frax and Paxos are willing to return 100% of the 收益 to Hyperliquid, but the actual value should be far more than 收益 sharing. [BlockBeats]
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