as a long term listener of @laurashin, bro bing bing was both nervous and excited to hop on the pod and talk about my fave topic in the last 3 months: stablecoin
imho, the $USDH experiment is a great one because it uncovers a new dimension of protocol - community alignment via economic model that’s not token / chart crime
protocol getting rid of stablecoin intermediary is bullish for everyone
Also, alignment was cringe and bearish in the Ethereum land but somehow the hl alignment narrative is kinda genius
send it.
Why the War Over the USDH Ticker on Hyperliquid Is Bullish for Crypto
This week’s crypto’s hottest drama: the USDH ticker war 💥
On @Unchained_pod, MegaETH’s @hotpot_dao explains:
🤝 Why “ecosystem alignment” matters
🤔 What this means for onchain governance
💸 Yield-chasers vs. yield-agnostics in stablecoins
🔥 Who wins the battle for Hyperliquid
Timestamps:
🎬 0:00 Intro
🔥 3:02 Why Shuyao is so energized by the USDH ticker war
🔄 4:52 How the #USDH drama reshaped MegaETH’s USDm launch
🤝 5:27 What convinced #MegaETH to choose Ethena as its partner
🌐 11:20 What it really means to be aligned with an ecosystem
🚪 15:36 How Shuyao views #Ethena’s sudden withdrawal from the contest
📣 18:22 Whether public governance decisions will keep gaining influence
🏗️ 20:16 Will protocol-native stablecoins be the winners of the next wave?
💵 21:22 Could #Circle and #Tether actually get pushed aside on #Hyperliquid?
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