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Frax Founder Discusses Hyperliquid USDH Competition: Interoperability Value Over Yield

By: theblockbeats.news|2025/09/08 03:12:31

BlockBeats News, September 8th, Frax founder Sam Kazemian stated in a social media post that the key insight of the Hyperliquid USDH event is: the true value of a stablecoin issuer lies in the interoperability and deep integration of the economic distribution chain, rather than the obtainable sovereign bond yield.

He stated that candidate parties, including Frax and Paxos, are willing to return 100% of the yield to Hyperliquid, but the actual value should far exceed yield sharing.

SOMI, MYX, WLFI 24-Hour Liquidation Volume Surpasses Bitcoin

Ethereum-Based Stablecoins Hit a Total Market Cap of $165 Billion, Reaching an All-Time High