MoonPay, Paxos & Others Challenge Stripe for USDH Stablecoin 🚀💵
Stripe’s bid to issue Hyperliquid’s USDH stablecoin is facing major competition.
💠 Rivals include MoonPay, Agora, Paxos, and Frax, all pitching alternative proposals.
📌 Goal: A Hyperliquid-first, compliant USD stablecoin with benefits for the community.
💡 Some proposals even pledge to share reserve proceeds with Hyperliquid’s treasury.
👉 The race for USDH issuance could reshape stablecoin adoption in the Hyperliquid ecosystem.
