TL;DR. on the USDH situation



@HyperliquidX launches USDH, its own label.

three offerings: @withAUSD + @raincards + @LayerZero_Core 100% revenue from HYPE buyback/fund + $10M liquidity.

@Paxos 95% revenue from HYPE buyback reserves, regulatory framework.

@Frax full revenue from t-bills to users + multi-chain redemptions.

The fate of USDH will be decided through an online vote of validators after the network upgrade.
OWN-1.66%
ZRO-1.44%
CORE-2.23%
HYPE-4.03%
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