Ethena Labs has issued a proposal asking the community and validators to consider the USDH token logo, proposing to launch a stablecoin centered on the Hyperliquid platform. The stablecoin will integrate the professional experience and resources accumulated by Ethena and its partners in the field, with a strong emphasis on security, community building and compliance. Ethena has committed significant financial and human resources to make USDH a benchmark and leading stablecoin among Hyperliquid users and developers.
The core provisions of the proposal include that USDH will initially be 100% endorsed by USDtb; Ethena commits to use at least 95% of the net income generated by USDH reserves for the Hyperliquid community; if the Hyperliquid community wishes to re-denominate the core exchange's current USDC-denominated trading pairs to USDH, Ethena will bear all the transaction costs of moving USDC to USDH; Ethena Labs research team will submit a proposal to the Ethena Risk Committee to apply for USDH to be listed as a compliance-endorsed asset of USDe.
Ethena Labs publishes proposal to bid for the rights to issue Hyperliquid's USDH stablecoin
2025-09-09 15:54:33
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