BlockBeats News, September 8th, Frax founder Sam Kazemian stated in a social media post that the key insight of the Hyperliquid USDH event is: the true value of stablecoin issuers lies in the interoperability and deep integration of the economic distribution chain, rather than the obtainable national debt yield.
He mentioned that candidate solutions including Frax and Paxos are willing to return 100% of the yield to Hyperliquid, but the actual value should far exceed yield sharing.