Hint: They won’t, they’re too cuckhold by Coinbase
The focus on who takes the USDH ticker is key, but don’t see many convos on the first part of the HL Foundation’s announcement wrt fee reduction on spot quote asset pairs:
“to improve liquidity and reduce user friction, spot pairs between two spot quote assets will have 80% lower taker fees, maker rebates, and user volume contribution”
Aggressive press on part of HL to shift liquidity at scale from USDC to USDH
Wonder how Circle will respond here?
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