Sky Proposes Plan to Launch Hyperliquid's USDH Stablecoin
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 09 2025Sky's Proposal for USDH: Sky, the decentralized finance protocol formerly known as MakerDAO, has proposed to issue Hyperliquid's upcoming stablecoin USDH, offering $2.2 billion in liquidity, a 4.85% yield, and a $25 million growth fund.
Competitive Landscape: The proposal will be decided by a validator vote on September 14, with competitors including Paxos, Frax, and Agora, each presenting unique advantages such as compliance and community revenue sharing.
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.
