💬 Circle CEO: Don't be misled by the hype; USDC will seize the Hyperliquid stablecoin market with its liquidity advantage.
Circle @circle co-founder and CEO Jeremy Allaire posted on X, stating not to be misled by the hype. Circle will become a major player and contributor in the Hyperliquid @HyperliquidX ecosystem. It's great to see others buying new dollar stablecoin codes and participating in the competition, but with deep liquidity and almost instant cross-chain interoperability, $USDC is sure to be warmly welcomed by the market.
💬Frax Founder: The competition for the issuance rights of USDH is not about potential profits, but about seizing a massive distribution scenario.
Frax @Frax founder Sam Kazemian stated on X that for stablecoin issuers and infrastructure companies, the key point of the competition to submit proposals for the issuance of the stablecoin $USDH on Hyperliquid @HyperliquidX is not about profit sharing; the real value lies in achieving interoperability and deep 1:1 integration with Hyperliquid's massive distribution scenario. In fact, all parties shortlisted for the proposal (#Frax, #Paxos, #Agora) have expressed their willingness to return 100% of the profits.
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