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Hyperliquid’s Bold USDH Stablecoin Gambit Sparks Controversy—Innovation or Foul Play?

Hyperliquid’s Bold USDH Stablecoin Gambit Sparks Controversy—Innovation or Foul Play?

Author:
decryptCO
Published:
2025-09-05 18:18:39
18
1

Hyperliquid Seeks Proposals to Launch USDH Stablecoin—But Some Call Foul Play

Hyperliquid drops a bombshell—calling for proposals to launch its native USDH stablecoin. The decentralized exchange isn't just dipping a toe; it's diving headfirst into the $150B stablecoin arena.

Not everyone's cheering though. Critics are crying foul, questioning motives and market timing. Sounds familiar, right? Another day, another crypto project chasing the stablecoin dream—because what's finance without a little hopeful speculation wrapped in decentralized promise?

Love it or hate it, Hyperliquid's move signals one thing: the race for stablecoin dominance is far from over. And in true crypto fashion, it's stirring the pot—raising eyebrows, hopes, and maybe even a few red flags along the way.

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