All hands on deck to bring the full force of institutional grade stablecoins and adoption to @HyperliquidX
The key to success?
Global adoption, much like the dollar. This is why ecosystem alignment AND compliance matter! The winning play will be entire ecosystem adoption.
Something some Hyperliquid community members seem to be discounting is that the hard work on USDH doesn’t begin with this ticker proposal setup; it only begins after
Yes, there are new benefits in place to complement the launch of a new quote asset for Hyperliquid markets (HIP-3 incoming, fee reduction of spot quote asset swaps, etc), but unseating USDC will be far from automatic, and the primary value prop of just buying HYPE and returning fees to users will not be enough to get USDH to billions in supply–we saw this firsthand with USDhl, which buys HYPE with 100% of fees generated and then distributes 100% of this HYPE to users
Scaling to billions will require a full-force effort and much more than just appealing to a narrative alone
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