Hyperliquid's USDH Stablecoin War: Sky's $8B Bid

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Stablecoin war! Sky (formerly MakerDAO) throws down a massive bid for Hyperliquid's USDH, offering juicy 4.85% yields and $2.2B in instant liquidity. Will their $8B balance sheet win over Paxos, Frax, Agora, and Native Markets? The September 14th vote will decide who controls Hyperliquid's $5.5B USDC and reshape the future of DeFi. Hosted on Acast. See acast.com/privacy for more information.