HYPE is cooking up its own stablecoin.

By Maxime Laurent · 2025-09-09 22:01

HYPE is cooking up its own stablecoin.

So, voilà: $HYPE wants to launch USDH, and they’re picking a partner to manage the whole thing. Already in the race: $ETHENA, $SKY, $PAXOS, and $AGORA.

Reading through the proposals feels like speed dating. $ETHENA basically walked in with flowers, champagne, and offered their soul on top. 😅 They’re promising the moon — liquidity, incentives, long-term dedication. But maybe they’re too much? Sometimes, the flashy guy scares the room and the more “serious” suit like $PAXOS gets the job — after all, they already managed $BUSD decently well back in the day.

Still, I can’t ignore how $ETHENA has captured the imagination of the crowd. They’ve got momentum, they’ve got money, they’ve got ambition. And you know how this space works… community hype can be as powerful as capital.

The vote opens on September 14 here 👉 https://www.usdhtracker.xyz/.

My gut? The story writes itself with $ETHENA. But crypto has a funny way of rewarding the “boring” option. On verra.

#Crypto #Stablecoin #ETHENA #HYPE #DeFi #USDH 🚀
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Disclaimer: This content is for informational purposes only and not financial advice.