Hyperliquid USDH Stablecoin: Exploring the Fierce Competition for Issuance Control
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 07 2025Hyperliquid USDH Stablecoin Launch: Hyperliquid is set to launch its native stablecoin, USDH, amidst intense competition among contenders like Paxos, Frax Finance, and Agora, each offering unique strengths and approaches to stablecoin issuance.
Significance and Implications: The choice of issuer for USDH will significantly impact Hyperliquid's ecosystem, enhancing liquidity and user experience while also influencing the broader decentralized finance (DeFi) market and setting standards for future stablecoin integrations.
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.
