Native Markets Wins Hyperliquid's Stablecoin Race

Hyperliquid just picked Native Markets, co-founded by ex-Uniswap president MC Lader, to launch its new stablecoin, USDH, beating out Paxos and Frax with a focus on credibility over flashy incentives. USDH is rolling out in stages, starting with minting/redemption caps and a USDC trading pair. Meanwhile, Bitcoin's back above $115K amid ETF inflows and rate cut hopes, Ethereum's strong on ETF news, and Gold's near record highs. Plus, Pakistan's inviting crypto firms, the IRS is watching crypto investors, and Massachusetts is challenging Kalshi. Hosted on Acast. See acast.com/privacy for more information.