Ethena enters USDH race supported by BlackRock BUIDL, Anchorage, Securitize

Ethena Labs submitted a proposal on Sept. 9 to become the issuer of Hyperliquid’s native stablecoin USDH, joining an increasingly competitive race. The bid consists of backing USDH entirely by USDtb, a stablecoin backed by BlackRock’s BUIDL fund, with the support of Anchorage Digital. Ethena is committed to returning 95% of net revenue generated from The post Ethena enters USDH race supported by BlackRock BUIDL, Anchorage, Securitize appeared first on CryptoSlate.