Ethena Exits Competition for Hyperliquid's USDH Stablecoin
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: crypto
Updated: Sep 12 2025Ethena Labs Withdraws from USDH Competition: Ethena Labs has decided to step back from the competition for issuing Hyperliquid’s USDH stablecoin due to community concerns regarding its non-native status and alignment with Hyperliquid’s ecosystem.
Community Concerns and Future Plans: Despite withdrawing, Ethena remains committed to developing within Hyperliquid, focusing on upcoming products and innovations while emphasizing its intention to be a significant player in the ecosystem.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
