Ethena Labs Withdraws Bid for Hyperliquid’s USDH Stablecoin Amid Pushback
Ethena Labs has withdrawn its proposal to subject Hyperliquid’s upcoming USDH stablecoin, following vocal opposition from the neighborhood and ecosystem validators. Key Takeaways: Ethena Labs has withdrawn its USDH proposal after neighborhood pushback over alignment and focus. The transfer clears the best way for Native Markets, whereas Ethena shifts focus to different Hyperliquid-based merchandise. Paxos…
