Five Major Crypto Projects Now Competing to Launch Hyperliquid’s USDH

TLDR Sky (formerly Maker) is the fifth crypto protocol to bid on helping Hyperliquid launch USDH stablecoin Sky’s proposal promises a 4.85% yield on USDH, higher than Treasury Bill rates The stablecoin would be “natively multichain” using LayerZero protocol Sky offered $25 million to grow DeFi on Hyperliquid Competing bids come from Native Markets, Frax, [...]

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