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USDH Issuer Native Markets: Has staked and locked 200,000 HYPE for a period of 3 years

BlockBeats News, September 27th, Native Markets officially announced that they have staked and locked 200,000 HYPE tokens (approximately $8.7 million) for a duration of 3 years, making USDH the first permissionless spot price asset added to Hyperliquid.


Previously reported, Native Markets won the bid for the Hyperliquid stablecoin USDH. Hyperliquid has launched the HYPE/USDH spot trading pair.

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Some argue that the winner has to some extent already been pre-determined, but this is still a great marketing opportunity for Hyperliquid and all participating companies.
Native Markets currently has received 70.59% staking ratio support, with Paxos Labs receiving 16.49% staking ratio support ranking second.
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