Sky Mavis: to Provide USDH with Cryptocurrency Derivatives Expansion Opportunity, Offering Holders Higher Returns

By: theblockbeats.news|2025/09/09 23:42:42

BlockBeats News, September 9th, Sky Co-founder Rune stated at the "USDH Stablecoin Roundtable Conference" held by Hyperliquid that Sky has gone through multiple development stages and has achieved decentralization. Projects built on Sky compete and collaborate with each other to deploy collateral assets in the best way, providing a better yield for stablecoin holders, while also bringing higher profits to the Hyperliquid ecosystem. The early dream and vision of Web3 were to break free from centralized exchanges and truly achieve decentralization, and that moment is about to come. As Hyperliquid drives the force of decentralized stablecoins, we hope to participate in it. Sky will provide network effects at scale and technical support, bringing exponential growth in returns. Sky and Hyperliquid are among the few truly successful decentralized projects, and achieving cooperation through USDH would be exciting. Sky's core business is credit-enhanced lending. Sky has the opportunity to deploy Hyperliquid ecosystem assets into derivatives, spot leverage, or other scalable opportunities.

BlockBeats previously reported that last Friday Hyperliquid announced the launch of a "Hyperliquid-first, Hyperliquid-aligned, and compliant USD stablecoin" and reserved the USDH token code for this purpose. Subsequently, many stablecoin issuers, including Paxos, Frax Finance, Ethena Labs, and Agora, have quickly joined the competition for the issuance rights of the USDH stablecoin.

-- Price

In an interview, MicroStrategy founder Michael Saylor characterized Bitcoin as digital capital and gold, proposing a three-tier investment framework. He stated that its volatility continues to decrease and long-term returns outperform traditional assets, while also advising young people to read hist...

Morning Report | USDC issuance increased by approximately 1.7 billion in one week; Aave will launch the Aave Shield feature; total circulation of Ethereum is approximately 121.53 million

Overview of Important Market Events on March 15

Circle CEO's latest interview: Stablecoins are not crypto assets

The true meaning of stablecoins is to transform the US dollar into a native currency of the internet, ultimately forming an internet financial platform.

Crypto ETF Weekly | Last week, the net inflow for Bitcoin spot ETFs in the U.S. was $763 million; the net inflow for Ethereum spot ETFs in the U.S. was $160 million

Grayscale launches Avalanche staking ETF on Nasdaq.

This Week's Key News Preview | The Federal Reserve Announces New Interest Rate Decision; The U.S. Releases February PPI Data

Highlights of the week from March 16 to March 22.

From Human Strategy to AI Trading Bot: How Shadow Trading AI Won 2nd Place in the WEEX Hackathon

Ivan’s Shadow Trading AI secured second place in the WEEX AI Trading Hackathon, demonstrating how AI trading systems built on real market expertise can perform under live market conditions.

Circle CEO’s Insight: The Future of Stablecoins and Digital Financial Platforms

Key Takeaways: Circle completed a noteworthy IPO in 2025, signifying a major milestone in the crypto space. The…

NVIDIA GTC 2026 Set to Gather Global Tech Enthusiasts

Key Takeaways: NVIDIA GTC 2026 will occur in San Jose from March 16-19, bringing together over 30,000 participants.…

What Competitive Edges Still Remain in the AI era?

Key Takeaways: AI’s ability to write code and automate tasks is reshaping traditional job structures, pushing for new…

Aave’s New Protective Layer: Introducing Aave Shield

Key Takeaways: Aave has introduced the Aave Shield feature, designed to block swaps with a price impact exceeding…

U.S.-Iran Conflict Intensifies Amid Diplomatic Stalemate

Key Takeaways: Middle Eastern efforts to mediate U.S.-Iran tension have been declined by both nations, indicating a readiness…

AI “Brainwashing” Scandal: Spotlight on GEO and Data Poisoning in Large Models

Key Takeaways: The GEO business has emerged, capitalizing on AI manipulation by making products appear as standard answers…

Bitwise CIO: Bitcoin’s Potential to Reach $1 Million if it Captures Gold and Sovereign Debt Market Share

Key Takeaways: Matt Hougan of Bitwise suggests that Bitcoin could reach a $1 million price if it captures…

Argentinian President Milae Accused of $5 Million Scheme with LIBRA Token

Key Takeaways: President Milae is alleged to have facilitated a $5 million scam involving LIBRA tokens. The scheme…

Aave Post-Mortem: Liquidity Shortfall Causes $50 Million Loss

Key Takeaways: On March 12, 2026, a significant token swap on Aave led to a $50.43 million discrepancy…