USDH Ticker确保了：当地市场的稳定革命

当地市场赢得了USDH股票，在Hyplliquid的Stablecoin景观中迎来了一个新时代。这对Defi的未来意味着什么？

Hold onto your hats, crypto enthusiasts! The race for Hyperliquid's native stablecoin ticker, USDH, has concluded, and Native Markets has snagged the prize. Get ready for a shakeup in the stablecoin game!

抓住您的帽子，加密爱好者！ USDH争夺Hyproliquid的本地Stablecoin Ticker的竞赛已经得出结论，本地市场已获得了奖项。准备在Stablecoin游戏中进行改组！

Native Markets Claims Victory

土著市场声称胜利

After a heated competition that drew major players in the DeFi space, Native Markets emerged victorious, securing the USDH ticker. This win, decided by a community vote of HYPE stakers and validators, marks a significant step towards Hyperliquid's independence from established stablecoins like USDC and USDT.

在激烈的竞争吸引了Defi领域的主要参与者之后，本地市场取得了胜利，获得了USDH股票。这场胜利是由炒作和验证者的社区投票决定的，这标志着迈向超流动性独立的重要一步，与USDC和USDT这样的已建立的Stablecoins。

USDH: A New Challenger Appears

USDH：出现新的挑战者

So, what's the big deal about USDH? Native Markets plans to launch both HIP-1 and ERC-20 versions of USDH soon. According to Native Markets founder Max Fiege, the rollout will begin with a testing phase, featuring capped minting and redeeming trials. This will be followed by the opening of the USDH/USDC spot order book and the introduction of uncapped transactions. This carefully staged rollout aims to ensure stability and security as the new stablecoin enters the market.

那么，USDH有什么大不了的？本地市场计划即将推出HIP-1和ERC-20版本的USDH版本。根据本地市场创始人Max Fiege的说法，推出将从测试阶段开始，其中包含割草机和赎回试验。随后将开放USDH/USDC现货订单簿和无限制交易的引入。当新的Stablecoin进入市场时，这种精心登台的推出旨在确保稳定和安全性。

The Master Plan: Reserves Managed by BlackRock and Superstate

总体规划：贝莱德和超级巨星管理的储备

What sets USDH apart? The reserves will be managed in a hybrid model. BlackRock will handle off-chain assets in cash and U.S. Treasuries, while Superstate will manage on-chain assets using Stripe-owned Bridge. The reserve yields will be split, with half going to HYPE token buybacks and the other half allocated for ecosystem growth. Smart, right?

是什么使USDH与众不同？储量将在混合模型中进行管理。贝莱德将以现金和美国国债处理链链资产，而超级巨星将使用条纹拥有的桥梁管理链资产。储备收益率将分配，一半将大肆宣传代币回购，而另一半则分配了生态系统增长。聪明，对吗？

Controversy and Debate

争议和辩论

Of course, no crypto event is complete without a bit of drama. The USDH bidding contest sparked controversy, with some questioning the fairness of the process. Dragonfly’s Haseeb Qureshi suggested the competition seemed “custom-made” for Native Markets. However, Ethena founder Guy Young praised Native Markets' lead, highlighting Hyperliquid's fair playing field for new players.

当然，如果没有一些戏剧性，就没有完整的加密活动。 USDH竞标竞赛引发了争议，并提出了一些质疑该过程的公平性。蜻蜓的Haseeb Qureshi认为，对于本地市场来说，竞争似乎是“定制的”。然而，埃塞纳（Ethena）创始人盖伊·杨（Guy Young）称赞了当地市场的领导，重点介绍了Hyplliquid为新球员的公平竞争。

The Future of Stablecoins: A Commodity?

Stablecoins的未来：商品？

Mert Mumtaz, CEO of Helium Labs, has an interesting take. He believes the USDH bidding war highlights the commoditization of stablecoins. He predicts that tickers like USDC or USDT will eventually disappear from user interfaces, with apps simply displaying “USD” and managing stablecoin swaps behind the scenes. This could simplify the user experience and give apps more leverage to demand better terms from issuers.

氦实验室首席执行官Mert Mumtaz有一个有趣的看法。他认为，USDH竞标战争强调了Stablecoins的商品化。他预测，诸如USDC或USDT之类的股票最终将从用户界面中消失，而应用程序只是显示“ USD”并管理Stablecoin互换幕后。这可以简化用户体验，并为应用程序提供更多的杠杆作用，以要求发行人更好的条款。

My Two Satoshis

我的两个satoshis

While the competition might have raised a few eyebrows, the launch of USDH could indeed be a game-changer for Hyperliquid. By reducing reliance on dominant stablecoins, Hyperliquid aims to foster a more robust and decentralized ecosystem. Whether USDH can truly challenge the giants remains to be seen, but it's certainly a development worth watching. Plus, the idea of a streamlined “USD” interface for stablecoins? That's something I can get behind.

尽管比赛可能引起了一些眉毛，但USDH的推出确实可能是超级流动的游戏规则改变者。通过减少对主导稳定剂的依赖，Hyperliquid的目的是促进一个更健壮和分散的生态系统。 USDH是否可以真正挑战巨人队还有待观察，但这肯定是值得一看的发展。另外，stablecoins简化了“ USD”界面的想法？那是我可以落后的东西。

Wrapping Up

总结

So, there you have it. Native Markets has secured the USDH ticker, and the stablecoin landscape is about to get a whole lot more interesting. Buckle up, folks! It's gonna be a wild ride. Now, if you'll excuse me, I'm off to buy a virtual yacht with my soon-to-be-minted USDH. Just kidding… mostly.

所以，你有。本地市场已经获得了USDH股票，而Stablecoin景观将变得更加有趣。搭扣，伙计们！这将是一个疯狂的旅程。现在，如果您能原谅我，我要去购买我即将磨的USDH的虚拟游艇。只是在开玩笑……主要是。