Ethena Bids for USDH With BUIDL-Backed Reserves

Ethena Labs has submitted a connection to run Hyperliquid’s autochthonal USDH stablecoin, outlining a operation that begins with afloat collateralization successful USDtb and a governance-linked information model. Blackrock, Securitize Ties Featured successful Ethena’s USDH Bid for Hyperliquid The latest bid from Ethena positions USDH arsenic “Hyperliquid-first,” initially backed 100% by USDtb, a stablecoin whose reserves […]