Ethena Bids for USDH With BUIDL-Backed Reserves

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Bitcoin com 3 months ago 211

Ethena Bids for USDH With <a href='https://market.bitrss.com/coin/blackrock-usd-institutional-digital-liquidity-fund' rel='noopener' target='_blank' class='crypto-highlight' title='BUIDL Market Overview'>BUIDL ($1.00)</a>-Backed ReservesEthena Labs has submitted a proposal to operate Hyperliquid’s native USDH stablecoin, outlining a structure that begins with full collateralization in USDtb and a governance-linked security model. Blackrock, Securitize Ties Featured in Ethena’s USDH Bid for Hyperliquid The latest bid from Ethena positions USDH as “Hyperliquid-first,” initially backed 100% by USDtb, a stablecoin whose reserves […]

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