USDH News

Read the latest uSDH news, analysis, and market updates on FORECK.INFO.

Ethena launches hyena to boost usde adoption in hyperliquid ecosystem

After an unprecedented surge, the DeFi protocol Ethena was forced to weather a sharp setback: collapsing funding rates nearly halved the market capitalization of USDe, the protocol’s native stablecoin. Now Guy Young’s team is mounting a counteroffensive. With the new HyENA platform,
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Hyperliquid Adds USDH Stablecoin from Native Markets

Native Markets has officially launched the USDH stablecoin on Hyperliquid, opening trading in the USDH/USDC pair. The debut generated around $2.1 million in initial volume, according to Hyperliquid
JPMorgan Warns of a “Stablecoin Race” in the U.S. Market

The upcoming surge of U.S. stablecoin launches risks becoming more of a redistribution battle than true market growth, according to a JPMorgan report cited by CoinDesk.
Paxos Proposes USDH Stablecoin Launch on Hyperliquid

Stablecoin infrastructure provider Paxos has unveiled a proposal to launch USDH, the first stablecoin in the lineup of Hyperliquid, the largest decentralized crypto derivatives exchange.