MoonPay and Others Rival Stripe in Race to Issue Hyperliquid USDH Stablecoin

MoonPay, Agora Coalition Challenges Stripe For USDH Issuance

The post MoonPay, Agora Coalition Challenges Stripe For USDH Issuance appeared on BitcoinEthereumNews.com. Stripe is facing pushback in its bid to issue Hyperliquid’s planned USDH stablecoin, as a coalition of crypto firms, including MoonPay, Agora and Rain lined up competing proposals alongside Paxos and Frax. In a Friday Discord message, the Hyperliquid team announced it wants to create a “Hyperliquid-first, Hyperliquid-aligned, and compliant …

Sky joins bidding war to launch Hyperliquid’s USDH stablecoin

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MoonPay and Competitors Challenge Stripe in Launch of Hyperliquid’s USDH Stablecoin

Hyperliquid, a top decentralized exchange and layer-1 blockchain, is about to introduce its own USDH stablecoin. This has sparked considerable controversy in the cryptocurrency industry regarding its governance.  The platform controls around 80% of the DeFi derivatives market and aims to replace the $5.5 billion in USDC, which makes up the majority of its stablecoin supply. The validator vote on September 14, 2025, will decide which organization…

MoonPay and others rival Stripe in race to issue Hyperliquid USDH stablecoin - WorldNL Magazine

Stripe is facing pushback in its bid to issue Hyperliquid’s planned USDH stablecoin, as a coalition of crypto firms, including MoonPay, Agora and Rain lined up competing proposals alongside Paxos and Frax.In a Friday Discord message, the Hyperliquid team announced it wants to create a “Hyperliquid-first, Hyperliquid-aligned, and compliant USD stablecoin” with the USDH ticker. This was followed by the Native Markets teams submitting the first pro…

MoonPay and others rival Stripe in race to issue Hyperliquid USDH stablecoin

Stripe’s Bridge faces competition from MoonPay, Agora, Paxos, Frax and others, who have joined the race to issue Hyperliquid’s USDH with community rewards.

Paxos USDH: 95% of Reserves Fund HYPE Token Buybacks

Paxos, a leading regulated stablecoin issuer, has revealed plans to launch USDH. A dollar-backed stablecoin built especially for the Hyperliquid ecosystem, as reported by Crypto.News. The move’s aim is to make liquidity on the platform stronger and reward participants through an innovative HYPE token buyback program. It also shows that Paxos wants to follow the rules while giving real benefits to users USDH: A Stablecoin Designed for Hyperliquid…