The Hyperliquid community is weighing proposals from a number of stablecoin issuers proposing to build a U.S.dollar-pegged stablecoin native to Hyperliquid called USDH. Among the contenders are Frax Finance, Agora, Native Markets and even Paxos, which proposed spending 95% of interest earned to buy back Hyperliquid’s native token HYPE. Paxos ...

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