Agora proposes to jointly provide USDH stablecoin support for Hyperliquid together with Rain and LayerZero.

Jinse Finance reported that stablecoin startup Agora has proposed, together with infrastructure providers such as Rain and LayerZero, to jointly provide USDH stablecoin support for Hyperliquid. Agora has committed to using all net income from USDH entirely for HYPE buybacks and fund support, and will provide at least $10 million in initial liquidity. USDH will adopt a compliant structure, possess multi-jurisdictional issuance qualifications, and prioritize serving the Hyperliquid ecosystem, avoiding external platform lock-up or diversion.