#stablecoin

🚨 Sky Protocol joins the USDH stablecoin race as the fifth major contender on Hyperliquid! 💰 Offering 4.85% yields & $25M ecosystem funding, Sky leverages $2.2B USDC liquidity and $8B in USDS/DAI infrastructure.

🔥 Facing pushback against Stripe’s Bridge, a coalition led by Agora’s Nick Van Eck, MoonPay, and Paxos challenges for control. Sky’s proposal promises GENIUS Act compliance, multichain deployment via LayerZero, and $250M buyback migration to Hyperliquid.

📈 Hyperliquid’s $383B monthly volume and $762M TVL fuel the stablecoin demand. Who will win?