Payments giant Stripe is moving deeper into digital assets with the launch of Open Issuance, a new platform from its subsidiary Bridge that allows businesses to create and manage their own stablecoins. Bridge announced the service this week, describing it as a way for companies to issue tokens without depending on a handful of established stablecoin providers. The company noted that the market is currently dominated by issuers such as Tether and Circle, whose scale and liquidity have made their tokens wi ...

Hyperliquid Emerges as Crypto’s “Killer App” With Explosive Growth. Photo by BeInCrypto Hyperliquid has taken a decisive step toward expanding its on-chain ecosystem with the launch of USDH, a native stablecoin designed to serve the decentralized exchange. The new token is live for trading following its debut this week by Native Markets, the Hyperliquid-based team behind the initiative. Native Market Launches USDH, Stakes HYPE On September 27, Native Markets confirmed that USDH is now available on the e ...

USDH稳定币推出 - Hyperliquid原生稳定币USDH于9月23日推出 早期交易量达220万美元 [1] - 通过治理投票竞争 Native Markets击败Paxos和Ethena Labs等成熟参与者获得发行权 [1] - 初始交易对为USDH/USDC 预铸造代币准备量超过1500万美元用于初始分发 [1] 价格稳定性与流动性 - 早期交易阶段稳定维持1美元锚定 最高波动至1.001美元测试流动性机制 [2] 发行策略与技术部署 - 采用渐进式发行策略 单用户交易上限设定为800美元进行实网测试 [3] - 已完成HIP-1和ERC-20代币部署 向所有Hyperliquid用户开放 [3] - 未来数月将分阶段整合HyperEVM 并扩展作为现货报价资产的功能 [4] - 计划通过HIP-3协议升级实现HyperCore原生铸造和USDH保证金永续合约 [4] 储备金管理与收益分配 - 储备金采用现金和短期美国国债 由BlackRock进行链下管理 [5] - 链上代币化资产通过Superstate和Stripe的Bridge基础设施运作 [5] - 承诺将50%储备收益分配给Hyperliquid援助基金 剩余部分用于USDH生态系统开发 [5] 市场背景与行业趋势 - Hyperliquid目前持有55亿美元USDC 约占该代币总供应量的8% [6] - USDC每年为Circle产生约2.2亿美元国库收益 [6] - 行业出现去中心化交易平台减少对外部稳定币依赖的趋势 [7] - Tether的USDT以1730.5亿美元流通量主导市场 单日处理交易量超过246亿美元 [7]

Hyperliquid’s highly anticipated USDH stablecoin has gone live, after the newly formed firm Native Markets won the ticker bid last week. Native Markets claimed that over $15 million worth of the stablecoin was pre-minted in the 24 hours before it went live on Wednesday. Earlier this month, Hyperliquid opened proposals to take over the USDH ticker on the network. As a result, a stream of crypto companies put their hats in the ring, including the likes of Paxos, Agora, and Ethena—the last of those with backin ...

Hyperliquid's very own stablecoin USDHL, developed by Native Markets, debuted Wednesday, generating over $2 million in early volume. As of writing, the Hyperliquid-listed USDH/USDC pair traded at 1.001, with a total trading volume of 2,244,932.79 USDC. Last week, the Hyperliquid validator community selected Native Markets to receive the USDH ticker following a lengthy bidding war that saw proposals from Paxos, Ethena, Frax, and others. The dollar-pegged stablecoin is issued natively on HyperEVM and is b ...

Decentralized crypto derivatives exchange Hyperliquid’s native token, HYPE, surged to a fresh all-time high of $59.29 in early trading on Sept. 18. At the time of writing, the 11th largest cryptocurrency has settled around $58.68, gaining $1.25 billion in market cap in the past day. HYPE ranks among this week’s top crypto coins, recording 6% price gain in the past week. According to the data by CoinMarketCap, the token’s 24-hour trading volume has seen a 50% surge, currently sitting around $467 million. ...

A heated contest for control over a new dollar-pegged token has set the stage for what analysts say could define the next phase of the stablecoin industry. According to Bloomberg, a bidding war unfolded on Hyperliquid, one of crypto’s fastest-growing trading platforms, with the prize being the right to issue USDH, its native stablecoin. The competition drew some of the sector’s most prominent names, including Paxos, Sky, and Ethena, who later withdrew their bid, alongside the lesser-known Native Markets, ...

A stablecoin bidding war on one of crypto's fastest-growing platforms is offering a preview of the industry's next phase — and who might control it.The contest played out on Hyperliquid, a fast-growing trading platform. The prize: the right to issue USDH, a new dollar-pegged token native to its network. The bidding involved key names in the world of crypto payments: Paxos, Agora, Ethena and the lesser-known Native Markets, a startup partnered up with Stripe's stablecoin arm, Bridge. The outcome offered a g ...

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 在加密货币领域发展最快的平台之一上，一场稳定币"竞标大战"正为该行业的下一阶段，以及谁可 能掌控这一阶段提供了预览。这场竞争发生在快速发展的交易平台Hyperliquid上，争夺的核心奖励是： 发行USDH的权利。USDH是一种原生于该平台网络、与美元挂钩的全新代币。参与竞标的均为加密支 付领域的关键机构：Paxos、Agora、Ethena，以及知名度较低的初创公司Native Markets（该公司与 Stripe公司旗下稳定币部门Bridge达成了合作）。这场竞争不仅关乎"荣誉"，更关乎生存层面的经济逻 辑。稳定币发行商并非简单地"铸造"数字美元，他们还能从支撑这些代币的资产中获取利息收入。例 如，发行USDC稳定币的Circle互联网集团通过一项协议与Coinbase全球公司共享这部分收入，该协议帮 助两家公司抵御市场波动。由于市场预期本周利率将下降 ...

美联储降息预期与稳定币市场动态 - 市场普遍预期美联储将在2025年9月议息会议上降息25个基点 概率超过90% 部分机构预测年内可能进一步降息甚至开启连续降息模式 [2][10] - 美联储降息预期可能改变资金流向和风险偏好 稳定币作为特殊数字资产的市场表现或随之波动 [10] 稳定币市场竞争与规则重塑 - Hyperliquid平台的USDH稳定币竞标事件实质是稳定币货币铸造权的首次公开拍卖 推动市场规则重塑 [2] - 各协议为掌握印钞权纷纷推出原生稳定币 如USDH和FRAX 分散在不同生态中 导致去中心化应用对原生稳定币需求与统一流动性需求间矛盾凸显 [4] 稳定币钱包功能演进与市场地位 - 稳定币钱包从资产存储工具转型为连接DApps与发行商的关键价值枢纽 在参与稳定币竞标和交易分润等场景中发挥重要作用 [2] - 常见稳定币钱包类型包括支持多链资产的综合型（如MetaMask） 聚焦特定生态的专用型（如SafePal） 以及强调安全与功能结合的XBIT Wallet [2] - XBIT Wallet凭借多签加密技术 实时资产监控功能 以及一键跨链聚合功能 实现USDH与12种主流稳定币无缝兑换 提升流动性使用效率 [2][4] - USDH竞标后3天内XBIT Wallet参与Hyperliquid交易用户数增长217% 单日一键跨链聚合交易量最高突破8000万美元 [9] 稳定币收益分配模式变革 - 传统模式下Circle和Tether等发行商独占稳定币储备收益 用户无话语权 [6] - USDH竞标推动收益权向价值创造者回归 Sky提供4.85%收益率和2.5亿美元年度回购 Native Market提出50/50分成 [6] - 稳定币钱包成为用户获取分润的关键通道 XBIT Wallet推出稳定币收益看板功能 实现收益实时到账和可视化追踪 数据同步延迟控制在10秒内 [6] 钱包安全技术与合规创新 - XBIT Wallet采用冷热钱包分离技术 冷钱包存储用户95%以上稳定币资产 热钱包用于日常小额交易 [9] - 钱包实时监测资产流向 确保合规安全 并能适应监管统一或去中心化铸币权时代的新环境 [9] - 用户可通过Keystore文件加密导入钱包 或通过私钥/助记词导入（可重置密码） 需注意密码复杂性和保管 [7] 交易生态整合与用户体验优化 - XBIT去中心化交易所与XBIT Wallet资产互通 用户无需重复转账即可完成USDH交易并在钱包查看分润 形成交易-分润闭环 [7] - 钱包有效解决用户在不同平台频繁切换资产的操作繁杂问题 避免跨链手续费损失 [4]