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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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Market signal

Archive context

Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

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.

Why this matters

This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

Original source

Read on Cointelegraph

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