Time
23:26
Frax, Agora, and others also bid for Hyperliquid's USDH stablecoin issuance rights
September 8, 2025
CoinFeed News
Frax proposed USDH to be backed 1:1 by frxUSD with zero fees, while Agora promised a 100% share of net revenue. Ethena Labs is also interested in bidding.