Ethena Labs Withdraws From USDH Stablecoin Bid: What It Means for Hyperliquid
Ethena Labs has officially withdrawn its proposal to issue Hyperliquid’s USDH stablecoin. Founder Guy Young made the announcement on X, stating that after discussions with the community and validators, the team decided to step aside. His post reflected admiration for the passion of the Hyperliquid community, while recognizing the concerns raised about Ethena’s position. According … Read more