As competition intensifies ahead of Hyperliquid’s Sept. 14 validator vote on its USDH stablecoin, Sky, Bastion, and Native Markets have submitted proposals to provide infrastructure, joining earlier bidders Frax Finance, Paxos, and Agora. Sky, Bastion, and Native Markets Enter Hyperliquid’s USDH Stablecoin Infrastructure Race Sky, formerly known as Makerdao, proposed a decentralized issuance model for
