Native Markets Beats Top Industry Players to Secure USDH Stablecoin Rights on Hyperliquid

Native Markets has won the race to issue and manage Hyperliquid’s dollar stablecoin after securing the USDH ticker following a heated week-long bidding process. The governance contest, which saw top industry players like Paxos and BitGo place bids, has sparked several reactions among many within the crypto industry.

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