本地市場的USDH Ticker Win：超流動性穩定的新時代

本地市場獲得了超級流動性的穩定幣的USDH股票，這標誌著向本地Stablecoins的轉變，並在Defi Space中引發了辯論。獲取最新見解！

The race for Hyperliquid's native stablecoin ticker, USDH, has concluded, with Native Markets emerging victorious. This signals a pivotal moment for Hyperliquid as it aims for greater independence from established stablecoins like USDC and USDT. Let's dive into what this means for the platform and the broader DeFi ecosystem.

USDH爭奪Hyplliquid的本地Stablecoin Ticker的競賽得出的結論是，本土市場的勝利。這標誌著超流動性的關鍵時刻，因為它旨在使諸如USDC和USDT等建立的Stablecoins更加獨立。讓我們深入了解這對平台和更廣泛的自我生態系統意味著什麼。

Native Markets Secures the Bag: The USDH Ticker

本地市場確保包包：USDH股票

After a fiercely contested community vote, Native Markets officially clinched the USDH ticker. This win allows them to issue Hyperliquid's very own US dollar stablecoin. It was a tough battle, drawing in big names from the stablecoin and DeFi arenas, which only underscores the rising interest in native stablecoins.

在激烈爭奪社區投票之後，土著市場正式贏得了USDH股票。這次勝利使他們能夠發行超流動器自己的美元穩定股。這是一場艱難的戰鬥，以Stablecoin和Defi Arenas的大人物吸引了大牌，這僅突顯了對本地Stablecoins的興趣不斷上升。

The Road to USDH: Independence and Innovation

通往USDH的道路：獨立與創新

Hyperliquid initiated the USDH pursuit on September 5th, seeking to diminish its reliance on USDC and USDT. Currently, Circle's USDC dominates Hyperliquid with nearly $6 billion in deposits, representing about 7.5% of its total supply. The goal of USDH is ambitious: to challenge USDC's supremacy. While USDH will be the focus, other stablecoins will remain supported as long as they play by the liquidity and HYPE staking rules.

Hyperliquid在9月5日發起了USDH追求，試圖減少其對USDC和USDT的依賴。目前，Circle的USDC以近60億美元的存款占主導地位，約佔其總供應量的7.5％。 USDH的目標是雄心勃勃的：挑戰USDC的至高無上。儘管USDH將成為重點，但只要通過流動性和炒作制定規則，其他Stablecoins將保持支持。

How Native Markets Won: A Winning Formula

土著市場如何獲勝：獲勝的公式

Native Markets snagged over 70% of the validator votes. Their proposal detailed that USDH would be issued directly on Hyperliquid’s HyperEVM network. The reserve management strategy is particularly noteworthy, employing a hybrid approach. Off-chain, BlackRock will manage assets in cash and U.S. Treasuries, while on-chain, Superstate, using Stripe-owned Bridge, will handle the tokenized assets. Yields from these reserves will be split evenly: half for HYPE token buybacks and the other half for ecosystem growth.

土著市場佔據了驗證者的70％以上。他們的提議詳細介紹了USDH將直接在Hyperliquid的HypereVM網絡上發行。儲備管理策略特別值得注意，採用混合方法。鍊鍊，貝萊德將以現金和美國國庫管理資產，而鍊子，使用條紋擁有的橋樑的鏈，超級遺產將處理令牌化資產。這些儲量的產量將均勻分配：炒作令牌回購的一半，而生態系統增長的另一半則是一半。

Rollout Plan: HIP-1 and ERC-20 Versions Incoming

推出計劃：HIP-1和ERC-20版本

Native Markets isn't wasting any time. Founder Max Fiege announced plans to roll out both the USDH HIP-1 and its ERC-20 version. The launch will start with a testing phase, limiting mints and redeems to $800 per transaction for a select group. Following this, the USDH/USDC spot order book will open, and uncapped mints and redeems will become available. This phased approach ensures a stable and secure launch.

本地市場不會浪費任何時間。創始人Max Fiege宣布了計劃推出USDH HIP-1及其ERC-20版本。發布階段將從測試階段開始，將薄荷糖和兌換為每筆交易的$ 800。此後，USDH/USDC現貨訂單將打開，未覆蓋的薄荷糖和贖回將獲得。這種分階段的方法確保了穩定且安全的發射。

Controversy and Debate: Not Everyone's Happy

爭議和辯論：不是每個人都很高興

The USDH bidding contest wasn't without its critics. Some in the crypto community questioned the fairness of the process. Dragonfly’s Haseeb Qureshi suggested the competition seemed

USDH競標競賽並非沒有批評者。加密社區中的一些人質疑了這一過程的公平性。蜻蜓的Haseeb Qureshi建議比賽似乎是