Hyperliquid’s USDH bidding heats up as Ethena enters as 6th contender
Ethena joins Paxos, Frax, Agora, Native Markets and Sky in the race to issue Hyperliquid’s USDH, a mandate tied to $5 billion in liquidity.
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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Ethena joins Paxos, Frax, Agora, Native Markets and Sky in the race to issue Hyperliquid’s USDH, a mandate tied to $5 billion in liquidity.
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