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Frax Founder: Competition for USDH Issuance Rights Not for Potential Profits, But for Seizing a Massive Distribution Opportunity
Summary: In a recent post, Frax founder Sam Kazemian stated that for stablecoin issuers and infrastructure companies, the key point of competition in submitting proposals for issuing the Hyperliquid stablecoin USDH is not profit sharing, but rather the interoperability and deep 1:1 integration with the massive distribution opportunity of Hyperliquid. In fact, the various parties in ...
In a recent post, Frax founder Sam Kazemian stated that for stablecoin issuers and infrastructure companies, the key point of competition in submitting proposals for issuing the Hyperliquid stablecoin USDH is not profit sharing, but rather the interoperability and deep 1:1 integration with the massive distribution opportunity of Hyperliquid. In fact, the various parties in the running for the proposal (Frax, Paxos, Agora) have all expressed willingness to return 100% of the profits.
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Link: Frax Founder: Competition for USDH Issuance Rights Not for Potential Profits, But for Seizing a Massive Distribution Opportunity [Copy]
