Ethena Withdraws from USDH Race, Native Markets In the Lead

2025-09-12 11:48:51

Story Highlights* Ethena Labs withdraws from Hyperliquid’s USDH stablecoin race

Native Markets is now leading while critics question the fairness
Ethena will continue innovating with hUSDe, savings, hedging, and HIP-3 markets on Hyperliquid

ENA-2,14%

IN-4,92%

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