Shuyao Kong

Shuyao Kong, co-founder of MegaETH, dives into the dramatic battle for the USDH ticker on Hyperliquid. She reveals why they chose Ethena as their partner for their new stablecoin, USDm, stressing the importance of aligning with Hyperliquid over short-term gains. The conversation highlights the need for both yield-chasing and yield-agnostic stablecoins, contemplating the potential sidelining of giants like Circle and Tether amid this competitive landscape. Tune in for insights on compliance and the evolving dynamics within the stablecoin market.