Inside Hyperliquid's Stablecoin Showdown: Vance Spencer Breaks Down the USDH Fight
The stablecoin wars have arrived at Hyperliquid, and $200 million in annual profits hangs in the balance.
Today, we sit down with Vance Spencer from Framework Ventures to break down the USDH ticker battle. With $5.5 billion of USDC in Hyperliquid's bridge, teams are competing for crypto's most valuable stablecoin partnership.
We explore Sky's proposal, jurisdictional diversification risks, and why this represents the first inning of a much larger game.
Let's get into it.
The Rollup
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The skinny
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