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Sky joins the competition for the issuance rights of Hyperliquid's USDH stablecoin

Sky joins the competition for the issuance rights of Hyperliquid's USDH stablecoin

金色财经金色财经2025/09/09 00:18
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Jinse Finance reported that Sky (formerly MakerDAO) has joined the competition for the issuance rights of the USDH stablecoin under Hyperliquid. Sky co-founder Rune posted on X, stating: "Sky offers Hyperliquid the main advantages for USDH: · USDH will have instant liquidity of $2.2 billions in USDC for off-chain redemption; · Sky can deploy its balance sheet of over $8 billions to Hyperliquid; · All USDH on Hyperliquid can earn a yield of 4.85%, higher than the yield on government bonds, and the entire 4.85% yield generated by USDH will be used for the HYPE buyback fund; · Sky can provide $25 millions in funding to create an independent Hyperliquid Star project to independently develop Hyperliquid DeFi; · Sky can transfer its buyback system to Hyperliquid, leveraging annual profits of over $250 millions to build USDH liquidity."

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