The blocmates Podcast Men Are Begging for the Hyperliquid Stablecoin, Pokémon Meets Crypto and Everyone’s Getting Drained?
Sep 10, 2025
Join a lively discussion on the competitive world of hyperliquid stablecoins, with major players racing to redefine the landscape. Dive into the fascinating intersection of crypto and nostalgic collectibles like Pokémon and basketball cards. Explore how digital tokens are being impacted by scams and the importance of verification technology. The conversation takes a humorous turn while contemplating the trust issues in digital communication and the appeal of analog experiences. It's a rollercoaster of insights and laughs!
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Stablecoin Bidding War Reveals Flow Competition
- The USDH RFP sparked a competitive bidding war among Paxos, Frax, Agora, Native Markets and others.
- Validators' preferences and revenue sharing offers will decide which issuer captures Hyperliquid flows.
Yield And Revenue Share Drive Proposals
- Frax and others pitched forwarding treasury yields and revenue shares to attract Hyperliquid users.
- The proposals show teams compete on yield economics and ecosystem alignment, not just tech.
Off‑Chain Distribution Beats Pure Tech Pitch
- Paxos touts PayPal/Venmo listings and conversion conveniences as a competitive edge.
- Real-world rails and distribution partnerships can outweigh pure on-chain credentials.