JPMorgan Flags Rising Stablecoin Rivalry JPMorgan analysts are warning that Circle’s dominance with its USDC stablecoin is under pressure from emerging competitors. Tether is preparing to roll out a new U.S.-compliant token, while Hyperliquid and fintech giants like Robinhood and Revolut are exploring launches of their own. Analysts argue that this wave of new entrants…
Native Markets Leads on Polymarket Odds According to Polymarket, Native Markets is the frontrunner to win control of Hyperliquid’s USDH stablecoin, with bettors giving it 92% odds. These are the highest odds so far, cementing the project’s position as the likely winner. The market confidence signals strong validator backing ahead of Sunday’s vote. Traders see…
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…
