Stable Coins

Ethena, the team behind the USDe synthetic dollar protocol, withdrew its bid to issue Hyperliquid’s USDH stablecoin, conceding to concerns raised in direct discussions with community members and validators.  In a X statement Thursday, the […]

Real-world asset tokenization platform OpenEden and crypto infrastructure provider BitGo have entered the competition to issue Hyperliquid’s planned native stablecoin, USDH, bringing the number of contenders to eight. Hyperliquid validators will start voting for the […]

Kyrgyzstan, a key emerging player in Central Asia’s crypto market, has advanced a bill to establish a state cryptocurrency reserve and support the growth of the wider digital asset industry. Kyrgyz lawmakers have passed amendments […]

Crypto protocol Sky has become the fifth crypto project to launch a bid to help the decentralized perps exchange Hyperliquid launch and issue a stablecoin. Sky co-founder Rune Christensen on Monday posted his project’s proposal […]