Ethena Labs Joins Bidding War for Hyperliquid’s USDH Stablecoin
Ethena Labs Enters the USDH Race Ethena Labs has become the sixth project to join the high-stakes contest for Hyperliquid’s USDH stablecoin. The decentralized derivatives exchange holds billions in liquidity, and whoever wins control will help shape its future. Ethena’s entry underscores the growing intensity of competition among DeFi leaders eager to define USDH’s role…









