Hyperliquid's USDH Stablecoin War: Stripe vs DeFi
Update: 2025-09-08
Description
Hyperliquid's about to explode! A battle royale is raging over who controls their new USDH stablecoin, with Stripe, Paxos, Frax, and more vying for power. The winner gets access to millions in Treasury yields and a chance to shape the future of DeFi. Will Hyperliquid maintain its independence, or will a giant like Stripe take over? The validator vote on September 14th will decide the fate of this decentralized exchange and the future of stablecoins.
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