#ethena Submits Proposal for USDH, Supported by #Anchorage , #SECURITIZE , and #blackRock BUIDL

> USDH to be initially backed 100% by USDtb (anchored in BlackRock’s BUIDL via Anchorage Digital Bank), with 95% of reserve revenue committed to the Hyperliquid community.

> The plan includes a guardian validator network for security, and integration with partners like #LayerZero , Securitize, Based, Unit, and Liminal.

> Ethena will cover all transaction costs for migration of USDC to USDH