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# USDH@HyperliquidX
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TheLittlePandaIsDedi
Who will hold the issuance rights of USDH? "Stablecoin + Hyperliquid ecosystem" has become the focus of competition among institutions.
Recently, the decentralized derivatives trading platform Hyperliquid announced the public auction for the issuance of its ecosystem-native stablecoin USDH, attracting bids from several institutions including Paxos, Frax, Agora, Native Markets, and Ethena. The proposal submission deadline was September 10, and the final issuance rights will be determined through a one-hour on-chain community vote on September 14. Hyperliquid currently has a monthly trading volu
View OriginalRecently, the decentralized derivatives trading platform Hyperliquid announced the public auction for the issuance of its ecosystem-native stablecoin USDH, attracting bids from several institutions including Paxos, Frax, Agora, Native Markets, and Ethena. The proposal submission deadline was September 10, and the final issuance rights will be determined through a one-hour on-chain community vote on September 14. Hyperliquid currently has a monthly trading volu
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