本地市场的USDH Ticker Win：超流动性稳定的新时代

本地市场获得了超级流动性的稳定币的USDH股票，这标志着向本地Stablecoins的转变，并在Defi Space中引发了辩论。获取最新见解！

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争夺Hyplliquid的本地Stablecoin Ticker的竞赛得出的结论是，本土市场的胜利。这标志着超流动性的关键时刻，因为它旨在使诸如USDC和USDT等建立的Stablecoins更加独立。让我们深入了解这对平台和更广泛的自我生态系统意味着什么。

Native Markets Secures the Bag: The USDH Ticker

本地市场确保包包：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.

在激烈争夺社区投票之后，土著市场正式赢得了USDH股票。这次胜利使他们能够发行超流动器自己的美元稳定股。这是一场艰难的战斗，以Stablecoin和Defi Arenas的大人物吸引了大牌，这仅突显了对本地Stablecoins的兴趣不断上升。

The Road to USDH: Independence and Innovation

通往USDH的道路：独立与创新

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日发起了USDH追求，试图减少其对USDC和USDT的依赖。目前，Circle的USDC以近60亿美元的存款占主导地位，约占其总供应量的7.5％。 USDH的目标是雄心勃勃的：挑战USDC的至高无上。尽管USDH将成为重点，但只要通过流动性和炒作制定规则，其他Stablecoins将保持支持。

How Native Markets Won: A Winning Formula

土著市场如何获胜：获胜的公式

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.

土著市场占据了验证者的70％以上。他们的提议详细介绍了USDH将直接在Hyperliquid的HypereVM网络上发行。储备管理策略特别值得注意，采用混合方法。链链，贝莱德将以现金和美国国库管理资产，而链子，使用条纹拥有的桥梁的链，超级遗产将处理令牌化资产。这些储量的产量将均匀分配：炒作令牌回购的一半，而生态系统增长的另一半则是一半。

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

推出计划：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.

本地市场不会浪费任何时间。创始人Max Fiege宣布了计划推出USDH HIP-1及其ERC-20版本。发布阶段将从测试阶段开始，将薄荷糖和兑换为每笔交易的$ 800。此后，USDH/USDC现货订单将打开，未覆盖的薄荷糖和赎回将获得。这种分阶段的方法确保了稳定且安全的发射。

Controversy and Debate: Not Everyone's Happy

争议和辩论：不是每个人都很高兴

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竞标竞赛并非没有批评者。加密社区中的一些人质疑了这一过程的公平性。蜻蜓的Haseeb Qureshi建议比赛似乎是