Regardless of where the USDH ticker plays out, stablecoin diversity on Hyperliquid over the past 6 months has brought and will continue to bring real value to HL users
Prior to HyperEVM launch, bridged USDC was all we had on HL. Users can remember the calls for native USDC or an HL-native stable. Then with HyperEVM launch, a new form of CDP stables with feUSD and USDXL offered (and continue to offer) a mode of cheap leverage on HYPE for traders to leverage
Then with USDe and USDT0, we were able to see pools of DEX and lend liquidity build for money markets and exchanges to gain further versatility outside of the pure CDP model. And then with USDhl, we had the launch of the first fiat-backed HL stable driving value back to users with all fees being used to buy HYPE
Now with native USDC and USDH coming, we will see a further battle for stablecoin growth on Hyperliquid, which will mean only more capital flowing into HL protocols to collect cheap dollars
Let the stables flow
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