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What does the recent @HyperliquidX announcement mean? It's not about an official stablecoin launch.
Officials may have considered issuing a stablecoin, so they reserved the ticker $USDH, which cannot be registered through the auction.
However, after much hesitation, they decided to delegate the token to the ecosystem, effectively giving the community $15M annually.

This ticker can only be purchased by Huiwang, but the circulation volume is already there.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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