# USDH

#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  

🚨UPDATE: Native Markets has secured Hyperliquid’s $USDH stablecoin ticker and plans to roll out USDH HIP-1 along with an ERC‑20 token in the coming days. #USDH #Stablecoin #Hyperliquid $HYPE
#crypto

Hyperliquid wants to roll out its next card in the fight against centralized institutions, #USDH .
A native, Hyperliquid-first stablecoin set to redirect billions in flows that currently bleed out to Circle and Tether.
Right now, the protocol sits on $5.5B+ in USDC deposits. That’s leaking an estimated $220M in annual yield to external issuers.
The proposal brings the stablecoin in-house, backs it with treasuries, and lets those yields flow straight into the ecosystem, mostly into $HYPE buybacks.
The validator vote on Sept 14 decides the issuer (Paxos, Frax, Agora, Native, …).
Each proposal ha

Bidding heats up for Hyperliquid’s native stablecoin USDH. Paxos, Frax, and two others are submitting proposals, while $HYPE smashes $54, reaching a new all time high. Strong market interest signals growing confidence in USDH’s potential. #Hyperliquid #BingXHYPE #USDH