SHOCK Stablecoin War! Paxos vs. Native Markets (Who WINS?)
Could a newcomer steal the show in the multi-billion dollar stablecoin race? Hyperliquid's quest for a native stablecoin, USDH, has ignited a fierce battle, with Native Markets initially emerging as the frontrunner. This newcomer, led by Hyperliquid ecosystem investor Max Fiege, proposed a hybrid reserve model involving BlackRock and Stripe’s Bridge platform, promising to share yield profits with HYPE token holders. However, concerns arose regarding Stripe's potential conflict of interest with its own blockchain, Tempo. Despite initial skepticism and accusations of preferential treatment, Native Markets garnered significant support. But the drama intensified as established players like Paxos, Ethena, and Agora entered the fray, Paxos even partnering with giants PayPal and Venmo and promising $20 million in incentives. The fight for USDH is far from over, and your investment future hangs in the balance! Subscribe now to stay updated on this high-stakes showdown and protect your crypto portfolio.
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