Ethena Labs Withdraws from USDH Stablecoin Issuance Auction

BlockBeats News, September 12th, Founder of Ethena Labs Guy Young posted on social media that, through direct communication with community members and validators, Ethena Labs has carefully considered some key issues, namely:

· Ethena is not the native team of Hyperliquid

· In addition to USDH, Ethena has other product lines

· Ethena's vision is not limited to collaboration with a single exchange platform

Given that the current situation is almost clear, Ethena Labs will respectfully withdraw the proposal so that validators can freely support other proposals.