In the last spot trading session, @fiege_max has already bought up the usdh, and a few days ago, he also acquired native. Clearly, he is planning to launch his own coin, and the farmers holding U are in for a treat.
Currently, hyperliquid has locked up 5.9 billion USDC, with 600 million in spot trading and 5.3 billion in contracts. It's uncertain how much will be converted to usdh and how fast the conversion rate will be, but in any case, another highly competitive stablecoin has been born.
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