Native Markets Emerges as Frontrunner for USDH Ticker on Hyperliquid

Native Markets has surged ahead in the race to secure the USDH ticker on Hyperliquid, backed by early validator support and a 65% probability on Polymarket. The collaboration with Stripe-owned Bridge has positioned Native as the clear favorite, outpacing competitors like Paxos, Ethena, and Frax.

Validator endorsements from Infinite Field and CMI Trading highlight Native's alignment with Hyperliquid's vision and execution speed. Paxos remains a contender after revising its proposal to allocate more reserve yield to Hyperliquid's Assistance Fund, but momentum favors Native following a pivotal community roundtable.

The roundtable underscored the importance of being 'Hyperliquid-first,' with validators scrutinizing bidders' integration strategies. Final votes will be tallied Sunday, potentially cementing Native's lead in this high-stakes stablecoin infrastructure race.