In the DeFi space, an auction is underway to select a partner for integrating the USDH stablecoin, with forecasts showing Native Markets as the frontrunner.
Hyperliquid's Strategy for USDH Expansion
Hyperliquid, a rising decentralized exchange, is hosting an auction to choose a partner for handling integration and fiat conversions for USDH. The selected partner will play a crucial role in determining how users will experience USDH across trading and DeFi platforms.
Significance for DeFi
If Native Markets wins the bid, it will be an important step in the development of DeFi infrastructure. Partnering with Native would simplify access to USDH and could drive higher trading volumes and user trust.
Expectations from the Auction
Predictions from Polymarket users indicate that Native Markets has a 93% chance of winning. The final decision from Hyperliquid regarding the partnership is still pending, but forecasts point to Native Markets as the clear favorite.
The situation surrounding the Hyperliquid auction highlights the high expectations for Native Markets and their potential role in the adoption of USDH in the decentralized finance ecosystem.
