# USDH

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🥳 Stripe has unveiled its Open Issuance steblecoin issuance platform. Phantom's #CASH token will be the first token issued through the protocol, and #USDH from #Hyperliquid and #mUSD from MetaMask will also be added. #crypto
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#HYPE BREAKING: Native Markets have won the bidding war for the #USDH Ticker, hyperliquid Stablecoin
I would have preferred Ethena take the contract But the community has spoken.
news that could spike the price in the short term!!!
HYPE4,11%
ENA3,47%
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#Ethena Submits Proposal for USDH Supported by Anchorage, Securitize, and #Blackrock BUIDL
> USDH to be initially backed 100% by USDtb (anchored in BlackRock’s BUIDL via Anchorage Digital Bank), with 95% of reserve revenue committed to the Hyperliquid community.
> The plan includes a guardian validator network for security, and integration with partners like LayerZero, Securitize, Based, Unit, and Liminal.
> Ethena will cover all transaction costs for migration of USDC to #USDH  
ETH0,99%
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💡Information
The crypto platform Hyperliquid is conducting a bidding process for the issuance rights of the stablecoin USDH, with participants including Paxos, Agora, Ethena, and Native Markets. The market anticipates a decline in interest rates this week, increasing the urgency to compete for market share. #稳定币 #USDH #加密行业
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