Ethena Labs has formally pulled its bid to issue Hyperliquid’s USDH stablecoin. This comes as Polymarket traders increasingly back Native Markets to secure the mandate. Ethena Labs Steps Back On USDH Issuer Bid In a recent X post, Ethena Labs’ founder confirmed that the team would no longer be seeking validator support for Hyperliquid’s USDH The post Ethena Labs Exits Hyperliquid USDH Bid as Polymarket Traders Back Native Markets appeared first on CoinGape.

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