TechFlow news, on September 12, Ethena's founder announced withdrawal from the Hyperliquid USDH stablecoin issuance bid, yielding the opportunity to the Native Markets team. After direct communication with the community and validators, Ethena accepted criticism regarding its status as a "non-Hyperliquid-native team" and similar concerns. Despite withdrawing from the bid, Ethena stated it will continue developing all originally planned products, including the hUSDe native synthetic dollar, USDe-backed savings and card payment products, hedging liquidity on Hyperliquid, and innovative solutions based on HIP-3 markets.
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