TechFlow news, September 8: Frax founder Sam Kazemian posted on social media that the key takeaway from the Hyperliquid USDH incident is that the real value of stablecoin issuers lies in the interoperability and deep integration of economic distribution chains, not in accessible Treasury yields. He stated that candidates including Frax and Paxos are willing to return 100% of earnings to Hyperliquid, but the actual value should far exceed revenue sharing.
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