Paxos, Frax, and Agora bid for the issuance rights of the new stablecoin USDH for Hyperliquid.

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[Coin World] According to reports, stablecoin issuers Paxos, Frax Finance, and Agora are competing to issue the upcoming USDH stablecoin from Hyperliquid. Hyperliquid seeks a compliant and platform-consistent stablecoin, which will be chosen through validators' voting. Paxos Labs emphasizes its compliance with MiCA/GENIUS standards, with a 95% interest for HYPE buybacks, and is integrated with its brokerage infrastructure. Frax proposes a frxUSD backed by treasury bonds to achieve zero-fee yields, while Agora commits to a 100% net income share and has the alliance support of Rain and LayerZero. The bidding deadline is September 10, and the voting date is September 14.

FRAX-1.3%
HYPE4.57%
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FlatTaxvip
· 09-07 21:22
Those who play know, frax is stable.
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RunWithRugsvip
· 09-07 21:20
Copying homework, right?
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CodeZeroBasisvip
· 09-07 21:06
Another food grabbing battle
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