Joins Race for With -Backed Proposal

proposed promises to return 95% of revenue to Hyperliquid’s ecosystem.

has proposed to issue upcoming , joining a competitive bidding race with other companies like Paxos, Agora and Sky$ETH .

The proposed token would be backed by , which issued with federally chartered bank Anchorage Digital and backed by tokenized money market fund.

If adopted, promises to return 95% of net revenue from reserves to the ecosystem and cover costs for migrating existing trading pairs.$ETH