USDH Auction Update: Native Markets currently has a 70.59% share of the total staked amount, increasing their chances of winning to 93%.

BlockBeats News, September 12th, according to usdhtracker data, in the Hyperliquid stablecoin USDH auction, Native Markets currently has 70.59% of the total staked amount, with 10 out of 19 node validators indicating support for Native Markets. Paxos Labs ranks second, currently holding 16.49% of the total staked amount, with 5 node validators indicating support for Paxos Labs.

Additionally, according to the Polymarket page, in the Hyperliquid stablecoin USDH auction, the probability of Native Market winning has risen to 93%, while Paxos's winning probability has dropped to 7%, ranking second.

It is worth noting that the support shares of each bidding party are still subject to change. According to a previous official announcement from Hyperliquid, node validators expressed their voting intentions and reasons in the "Validator USDH Voting Declaration." The formal vote will start at 18:00 UTC+8 on September 14th, and stakers must delegate their stakes to validators aligned with their voting intentions before this time. The formal vote will end at 19:00 UTC+8, and when a two-thirds majority is reached, the designated bidding party will be able to bid on the USDH token symbol in the spot deployment gas auction.