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Ethena Labs joins the competition for the issuance rights of the USDH stablecoin under Hyperliquid.
According to BlockBeats news, on September 8, Ethena Labs, the issuer of the third largest USD stablecoin USDe, hinted at joining the competition for the issuance rights of the USDH stablecoin under Hyperliquid. Ethena Labs stated this morning, “Dear Jeff (co-founder of Hyperliquid), I wrote to you, but you still haven't responded. I sent two USDH proposals last autumn, and you definitely didn't receive them. There might have been an issue with Discord or something else; sometimes I write the deployment Address too carelessly.” On September 5, Hyperliquid announced the release of the USDH Token symbol for stablecoin issuance, requiring all institutions to submit proposals by September 10 (Wednesday), with voting scheduled for September 14 (Sunday).