温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/ru/57230.html
点击访问原文链接

Hyperliquid Stablecoin is about to be hammered: Why did the new team Native Markets acquire USDH? | Bee Network

进入原网站 导航首页
Hyperliquid Stablecoin is about to be hammered: Why did the new team Native Markets acquire USDH? | Bee Network Login Актуальные новости Запуск мемов Агенты искусственного интеллекта DeSci TopChainExplorer Для Ньюби 100-кратное количество монет Игра "Пчелка Основные веб-сайты Must-Have APP Криптознаменитости DePIN Новички насущные Детектор-ловушка Основные инструменты Продвинутые веб-сайты Обмен Инструменты NFT Привет, Выйти Вселенная Web3 Игры DApp Пчелиный улей Растущая платформа AD Поиск Английский язык Монеты для пополнения запасов Вход в систему Скачать Web3 Uni Игры DApp Пчелиный улей AD дом•Анализ•Hyperliquid Stablecoin is about to be hammered: Why did the new team Native Markets acquire USDH? Hyperliquid Stablecoin is about to be hammered: Why did the new team Native Markets acquire USDH?Анализ6 месяцев назадUpdateУайатт 20 208 Recently, Hyperliquid, a decentralized derivatives trading platform, has been the scene of a highly anticipated stablecoin battle. On September 5th, the official announcement of the upcoming ticker auction for its native stablecoin, USDH, instantly ignited the market. Numerous institutions, including Paxos, Ethena, Frax, Agora, and Native Рынокs, submitted proposals to compete for the right to issue USDH. As a leading player in the popular perp DEX market, Hyperliquid has become a strategic opportunity that institutions must enter, even if it “doesn’t make money.” Currently, Native Markets leads with a 97% lead, virtually securing victory.

Native Markets’ Strategy Native Markets’ concept is for USDH reserves to be jointly managed by BlackRock (off-chain) and Superstate (on-chain), ensuring both regulatory compliance and issuer neutrality. Its mechanism is unique: interest earned on the reserves is split 50-50: half goes to the Assistance Fund for HYPE buybacks, and the other half is invested in ecosystem development, including the development of the HIP-3 market and HyperEVM applications.

Users can mint and redeem USDH through Bridge, with more fiat onboarding channels planned for the future. The protocol’s core component, CoreRouter, has been audited and open-sourced, encouraging direct community participation. Native Markets also promises that USDH will comply with US GENIUS regulatory standards and inherit the global compliance credentials and fiat access capabilities of Bridge, the issuer. Notably, Bridge was acquired by payments giant Stripe last year, and Native plans to leverage its network to further integrate stablecoins with fiat currencies.

Although Native Markets is the least well-known of the current major bidders, it has become the most popular player at present thanks to its team’s long-term deep cultivation in the Hyperliquid chain and the invitation of many industry heavyweights (from Paradigm, Uniswap, etc.) to join.

Founding Team @fiege_max

Over the past year, Max has been deeply involved in the Hyperliquid ecosystem. As an investor and advisor, he has driven nearly $2.5 billion in HyperEVM locked-up volume and $15 billion in HyperCore trading volume. He previously led product and strategy at Liquity and Barnbridge, focusing on stablecoins and fixed-rate instruments. As a community leader at Hyperion, he also spearheaded the launch of Hyperliquid’s DAT public company.

@Mclader

Mary-Catherine Lader, former President and COO of Uniswap Labs (2021–2025), pushed BlackRock to invest in digital assets as early as 2015 and invested in fintech business at Goldman Sachs as a Managing Director. She is now ready to chart the course for the development of USDH and Hyperliquid in the post-GENIUS era.

@_anishagnihotri

Anish is a blockchain researcher and software engineer with over a decade of experience. He was the first employee at Ritual, briefly served as Paradigm’s youngest researcher, and worked as a dedicated DeFi trader at Polychain. He has also made significant contributions and impact in the open source development of MEV and DeFi tools.

Community controversy Of course, there are also many questions about this community vote. Haseeb Qureshi, managing partner of the well-known VC Dragonfly, wrote on Tuesday that he was “starting to think the USDH RFP is a bit ridiculous,” and claimed that validators seemed unwilling to seriously consider any team other than Native Markets.

He added that Native Markets’ bid came almost immediately after the RFP was issued, “which means they had advance notice,” while other bidders were busy preparing their bid documents. He said that while more established players like Paxos, Ethena, and Agora had put forward stronger proposals, the process seemed “tailor-made for Native Markets.”

However, Nansen CEO @ASvanevik denied this speculation in a statement, stating that as one of Hyperliquid’s largest validator node operators, they and the @hypurr_co team invested significant effort in reviewing proposals and communicating with bidders, with the goal of finding the optimal stablecoin solution. Ultimately, they chose to support Native Markets.

Seeing that the situation was hopeless, Ethena Labs announced its withdrawal from the USDH bidding, stating that although some had questioned Native Markets’ credibility, they believed their success perfectly reflected the qualities of Hyperliquid and its community: it is a fair playing field where emerging participants can win the support of the community and have a fair chance of success.

KOL Crypto Skanda @theкриптовалютаskanda Native Market was chosen as it was inevitable. Other teams could not meet Hyperliquid’s most obvious need for listing pricing, which is the core of the trading platform.

On the Hyperliquid chain, the accumulation of US dollar liquidity has long relied on external stablecoins such as USDC, with the circulating volume reaching approximately $5.7 billion at one point, representing 7.8% of the total USDC supply. The Hyperliquid team’s decision effectively cedes hundreds of millions of dollars in annual interest income to the community.

For this reason, the right to issue USDH is not only about a massive market share, but also about who controls the vast potential profits. In the case of Hyperliquid, we’ve witnessed a stablecoin issuer willing to give up nearly all of its profits simply for the opportunity to distribute it within a specific scenario—a scenario that was previously unimaginable. It’s foreseeable that once USDH successfully launches and establishes a positive cycle of “returning profits to the community and reinforcing value to the ecosystem,” other exchanges and public chains will inevitably follow suit, triggering a major shift in the industry’s stablecoin strategies. Then, perhaps, the “Stablecoin 2.0 Era” will truly begin.

Эта статья взята из интернета: Hyperliquid Stablecoin is about to be hammered: Why did the new team Native Markets acquire USDH?Recommended Articles

Related: The Death of Crypto Speculation: Cash Flow, Compound Interest, and the New Holy Grail of Internet CapitalRecommended Art Original translation: TechFlow The term “Internet Capital Markets” has multiple meanings. In today’s context, it refers to an alchemical achievement born entirely from the strengths of blockchain technology: a form of financial technology that transcends geographical boundaries. From collateralized lending using “magic internet money” to the tokenization of government bonds and private credit, to the use of stablecoins—all of these are considered manifestations of “Internet Capital Markets” at the intersection of traditional finance and digital assets. Original tweet link: Click here However, for those of us who have been deeply engaged in this asset class on-chain over the past few years, the term “internet capital markets” has taken on a whole new meaning. It encompasses more than just “on-chain treasury bonds”; it encompasses a wide range of speculative instruments, including…

Анализ ## crypto# defiОбмен #Рынок #Инструмент #© Copyright NoticeМассив Pre Prediction Market New Infrastructure: An Inventory of Polymarket’s Third-Party Ecosystem Projects Next A live streamer raked in $150,000 in two days, and Pump.fun launched an on-chain revolution in the live streaming econom Related articles BenPay DeFi Earn Adds Four New Assets: Enriching Asset Appreciation Paths and Optimizing Yield Options 6086cf14eb90bc67ca4fc62b 10 070 3 After Singapore “expelled its guests”, has Hong Kong become the “crypto-friendly capital of East Asia”? 6086cf14eb90bc67ca4fc62b 29 585 2 The Year of Narrative Collapse: A Portrait of Project “Deaths” in 2025 6086cf14eb90bc67ca4fc62b 14 482 2 In-Depth Research Report on the Stock Contract Sector: The Next Trillion-Dollar Battlefield for On-Chain Derivatives 6086cf14eb90bc67ca4fc62b 8 155 Wall Street consensus breaks down: Is this Bitcoin cycle over? 6086cf14eb90bc67ca4fc62b 780 814 3889 100 Billion Robots, Generative Monopoly, and the Compute Highway: The Liberman Brothers’ Vision for AI’s Endgame 6086cf14eb90bc67ca4fc62b 9 839 Нет комментариев Вы должны войти в систему, чтобы оставить комментарий! Немедленно войдите в систему Нет комментариев... Последние статьи Did Jane Street “Manipulate” BTC? Decoding the AP System, Understanding the Power Struggle Behind ETF Creation and Redemption Pricing 23hrs ago 695 Stop Comparing Bitcoin to Gold—It’s Now a High-Volatility Software Stock 23hrs ago 766 Matrixport Research: $25 Billion Gamma Unwinding Imminent, Liquidity Yet to Return Behind the Rebound 23hrs ago 708 ERC-5564: Ethereum’s Stealth Era Has Arrived, Receiving Addresses No Longer ‘Exposed’ 23hrs ago 563 Hong Kong Regulatory Green Light: Asseto Enables DL Holdings to Achieve Compliance for Two RWA Business Implementations 23hrs ago 664 Популярные сайтыTempoLighterGAIBПланерПланкаRaylsBCPokerVooi Bee.com Крупнейший в мире портал Web3. Партнеры CoinCarp Binance CoinMarketCap CoinGecko Coinlive Доспехи Загрузите приложение Bee Network APP и начните путешествие по web3 Белая книга Роли ЧАСТО ЗАДАВАЕМЫЕ ВОПРОСЫ © 2021-2026. Все права защищены. Политика конфиденциальности | Условия предоставления услуг Скачать приложение Bee Network APP и начните путешествие по web3 Крупнейший в мире портал Web3 Партнеры CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors Белая книга Роли ЧАСТО ЗАДАВАЕМЫЕ ВОПРОСЫ © 2021-2026. Все права защищены. Политика конфиденциальности | Условия предоставления услуг Поиск ПоискInSiteOnChainСоциальнаяНовости Hot to you: Охотники за воздухом Анализ данных Криптознаменитости Детектор-ловушка Русский English 繁體中文 简体中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский

智能索引记录