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Ethena Labs has submitted a proposal to operate Hyperliquid’s native USDH stablecoin, outlining a structure that begins with full collateralization in USDtb and a governance-linked security model. Blackrock, Securitize Ties Featured in Ethena’s USDH Bid for Hyperliquid The latest bid from Ethena positions USDH as “Hyperliquid-first,” initially backed 100% by USDtb, a stablecoin whose reserves … Read more
As competition intensifies ahead of Hyperliquid’s Sept. 14 validator vote on its USDH stablecoin, Sky, Bastion, and Native Markets have submitted proposals to provide infrastructure, joining earlier bidders Frax Finance, Paxos, and Agora. Sky, Bastion, and Native Markets Enter Hyperliquid’s USDH Stablecoin Infrastructure Race Sky, formerly known as Makerdao, proposed a decentralized issuance model for … Read more
Hong Kong’s financial regulator has received expressions of interest from at least 77 institutions seeking a limited number of initial stablecoin licenses, as major global and regional banks move to secure market position. Industrial and Commercial Bank of China (ICBC) and its Hong Kong arm, ICBC (Asia), reportedly notified the regulator of their intent, joining … Read more
As part of a press briefing at the Eastern Economic Forum, Anton Kobyakov, an adviser on Putin’s policies, accused the U.S. of attempting to use stablecoins and gold to devalue its public debt and start anew, thereby rewriting the rules of the cryptocurrency system in the process. Putin’s Aide Claims U.S. Stablecoin Enthusiasm Is a … Read more
Vivopower’s EV subsidiary is slashing cross-border payment costs by adopting RLUSD stablecoin, unlocking instant settlements and boosting blockchain-driven growth across key developing markets. Vivopower Taps RLUSD for Instant, Low-Cost Transfers in Developing Markets Vivopower International Plc (NASDAQ: VVPR) announced on Sept. 8 that its electric vehicle subsidiary, Tembo e-LV, will begin accepting Ripple USD (RLUSD) … Read more
Crypto venture capitalist and Paradigm co-founder Matt Huang says, “Tempo is purpose-built for stablecoins and real-world payments.” Stripe and Paradigm Announce Tempo to Power Onchain Payments Bitcoin is peer-to-peer digital cash, Ethereum is the world computer, and now Tempo, a new blockchain unveiled by payments giant Stripe and crypto venture capital firm Paradigm on Thursday, … Read more
USDD, an algorithmic stablecoin, associated with Tron and its founder Justin Sun, is now live natively on Ethereum, the project said Monday. Tron-Affiliated USDD Expands to Ethereum With sUSDD on Deck According to the team’s blog post, the deployment went live Sept. 8, 2025, after a Certik audit, and includes a Peg Stability Module that … Read more
TLGY Acquisition Corp. and StablecoinX Assets Inc. announced an additional $530 million in PIPE financing, bringing total committed PIPE proceeds to $890 million in support of their proposed business combination and a multi‑year treasury strategy focused on accumulating ENA, the Ethena protocol’s native token. The financing—priced at $10 per share—includes participation from YZi Labs, Brevan … Read more
This week, Hyperliquid received competing proposals from Paxos, Agora, and Frax to supply stablecoin infrastructure for USDH, with each bidder emphasizing regulatory posture, distribution, and how yield from reserves would be shared with the ecosystem. Hyperliquid Is Now Weighing Multiple Proposals Bitcoin.com News previously reported on Paxos on Sunday, Sept. 7, and Paxos’s written bid … Read more
Paxos proposed issuing USDH, a Hyperliquid‑first regulated stablecoin, aimed at accelerating adoption and enterprise integration across the Hyperliquid ecosystem. The Paxos Labs initiative, backed by Paxos’s decade of regulated stablecoin issuance and recent acquisition of Molecular Labs, would mint USDH natively on HyperEVM and HyperCore, offer multi‑jurisdictional compliance (including MiCA/GENIUS claims), and route onchain and … Read more