Sky Mavis: to Provide USDH with Cryptocurrency Derivatives Expansion Opportunity, Offering Holders Higher Returns
By: theblockbeats.news|2025/09/09 15:42:42
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BlockBeats News, September 9th, Sky Co-founder Rune stated at the "USDH Stablecoin Roundtable Conference" held by Hyperliquid that Sky has gone through multiple development stages and has achieved decentralization. Projects built on Sky compete and collaborate with each other to deploy collateral assets in the best way, providing a better yield for stablecoin holders, while also bringing higher profits to the Hyperliquid ecosystem. The early dream and vision of Web3 were to break free from centralized exchanges and truly achieve decentralization, and that moment is about to come. As Hyperliquid drives the force of decentralized stablecoins, we hope to participate in it. Sky will provide network effects at scale and technical support, bringing exponential growth in returns. Sky and Hyperliquid are among the few truly successful decentralized projects, and achieving cooperation through USDH would be exciting. Sky's core business is credit-enhanced lending. Sky has the opportunity to deploy Hyperliquid ecosystem assets into derivatives, spot leverage, or other scalable opportunities.
BlockBeats previously reported that last Friday Hyperliquid announced the launch of a "Hyperliquid-first, Hyperliquid-aligned, and compliant USD stablecoin" and reserved the USDH token code for this purpose. Subsequently, many stablecoin issuers, including Paxos, Frax Finance, Ethena Labs, and Agora, have quickly joined the competition for the issuance rights of the USDH stablecoin.
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