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Today in crypto, Native Markets wins USDH stablecoin ticker, Pakistan has invited international crypto firms to apply for licenses under its regulatory authority PVARA. Meanwhile, a Wall Street veteran predicts that institutional interest in Bitcoin allocations will grow by the end of the year.
Native Markets, one of the teams that submitted a bid to issue the Hyperliquid crypto exchange’s dollar-pegged stablecoin (USDH), won the rights to the USDH ticker on Sunday, following a bidding war that was closely watched by the crypto community.
The Native Markets team will submit a Hyperliquid Improvement Proposal (HIP) for USDH, based on the bid submitted to the Hyperliquid community in the coming days, Max Fiege, founder of Native Markets, said in an X post. He also outlined the next steps:
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