Summary
- The Etena (ENA) team said it withdrew from the competition for the Hyperliquid (HYPE)-exclusive stablecoin USDH issuance rights.
- It said that in the ongoing bidding competition for USDH issuance rights, Native Markets is leading.
- It reported that due to the Etena team's withdrawal, market attention is focused on the decision of the future USDH issuer.
On the 11th (local time), crypto-focused media Cointelegraph reported that the Etena (ENA) team withdrew from the competition for the issuance rights of USDH, a Hyperliquid (HYPE)-exclusive stablecoin.
The bidding competition over USDH issuance rights is still ongoing, and according to the Polymarket prediction market, Native Markets is leading.
This withdrawal has focused market attention on who will be decided as the future issuer of USDH.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
