Native Markets: Plans to collaborate with Bridge to issue USDH, will maintain technological neutrality if the bid is successful

BlockBeats news, on September 10, Hyperion community leader Max stated at the "USDH Stablecoin Roundtable" hosted by Hyperliquid that building a stablecoin system first requires some degree of innovation. Although there are many existing stablecoin solutions, Hyperliquid has a unique ecological positioning. Native Markets and Bridge clearly regard USDH as a collaborative project, with the protocol to be signed directly with Bridge (as I have emphasized multiple times), and believe that the necessary safeguard clauses have been established. It should be pointed out that cooperating with licensed companies also brings the advantage of access to Hyperliquid network infrastructure—something we value highly, and whose value far exceeds that of institutional-level interfaces themselves. Native Markets always maintains technological neutrality and ensures that this principle remains a core consideration throughout the decision-making process.

As the least well-known bidder for USDH, Native Markets' proposal was put forward by Max, the community leader of Hyperion, the company previously leading the listing of Hyperliquid DAT. Native Markets plans to use Bridge to connect stablecoin to fiat channels, and in terms of profit sharing, will inject reserve interest profits into Hyperliquid's community assistance fund. Its advantage lies in the team's deep involvement in the Hyperliquid chain and thorough understanding of the local ecosystem.

As previously reported by BlockBeats, last Friday Hyperliquid announced the launch of a "Hyperliquid-prioritized, Hyperliquid-aligned, and compliant USD stablecoin," and reserved the USDH token code for this purpose. Subsequently, several stablecoin issuers, including Paxos, Frax Finance, Ethena Labs, and Agora, have quickly entered the competition for the right to issue the USDH stablecoin.