Frax Founder: The competition for USDH issuance rights is not for potential gains, but to seize a huge distribution scenario.

MetaEraSep 8, 2025
#DeFi $HYPE
On September 8 (UTC+8), Frax founder Sam Kazemian posted on X that for stablecoin issuers and infrastructure companies, the key to competing to submit proposals for the Hyperliquid stablecoin USDH issuance 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. [ChainCatcher]
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Frax Founder: The competition for USDH issuance rights is not for potential gains, but to seize a huge distribution scenario.

MetaEraSep 8, 2025
#DeFi $HYPE
On September 8 (UTC+8), Frax founder Sam Kazemian posted on X that for stablecoin issuers and infrastructure companies, the key to competing to submit proposals for the Hyperliquid stablecoin USDH issuance 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. [ChainCatcher]
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