Ethena Labs, the issuer of the third-largest US dollar stablecoin USDe, hinted that it was about to join the competition for the right to issue the USDH stablecoin owned by Hyperliquid. Ethena Labs wrote this morning, saying: "Dear Jeff (Hyperliquid Lianchang), I wrote to you, but you still haven't called back. I sent two USDH proposals last fall, and you definitely didn't receive them. Maybe there is something wrong with discord or something, sometimes I scribble too much when I remember the deployment address."
On September 5th, Hyperliquid announced that it would release the USDH token symbol for stablecoin issuance, requiring institutions to submit proposals by Wednesday, September 10th, and voting will take place on Sunday, September 14th.
Ethena Labs Joins Hyperliquid's USDH Stablecoin Competition
2025-09-08 01:09:15
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