#稳定币市场竞争 USDH this drama is finally coming to an end, Native Markets has taken the issuance rights with overwhelming advantage. I have to say, their strategy is clever - using half of the reserve interest for HYPE buybacks and the other half for ecological construction, this model of "returning profits to the community and valuing the ecology" is indeed attractive. Although some question the fairness of the bidding process, from the perspective of the trading platform, choosing Native Markets seems to be a wise decision. Their deep cultivation of the Hyperliquid ecology and strong team lineup are both plus points.

This battle reflects the intense competition in the stablecoin market. The fact that issuers are willing to relinquish almost all profits for the opportunity to distribute shows its strategic value. If the USDH model succeeds, it could trigger industry transformation and usher in the "Stablecoin 2.0 Era".

For us copy traders, this means that there may be more trading platforms launching stablecoins with similar mechanisms in the future. It is necessary to closely monitor the performance of USDH after its launch and assess its impact on the trading ecosystem. At the same time, we should also pay attention to the movements of other platforms and prepare for potential new opportunities. After all, in this market, having foresight often leads to substantial profits.