Laura Shin interviews Nick van Eck of Agora and Bhau Kotecha of Paxos Labs about the competition for the USDH stablecoin ticker on Hyperliquid. They discuss the importance of the ticker for community alignment and building a public good, and how their respective companies plan to approach building a stablecoin within the Hyperliquid ecosystem, even if they don't win the ticker. They highlight the importance of compliance, institutional infrastructure, and community involvement. They also address the differences in their revenue-sharing proposals, with Agora offering 100% revenue back to the community and Paxos Labs proposing 95% to incentivize growth and integration. They also discuss criticisms about liquidity and the importance of neutrality for stablecoin providers.
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