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DragonFly Partner: Agora's USDH proposal is better than competing proposals such as Paxos
17hours ago

According to Odaily Planet Daily, DragonFly General Partner Rob Hadick posted on the X platform in support of the Agora USDH proposal, stating, "This proposal from @withAUSD, @raincards, @LayerZero_Core, and @EtherFi is almost certainly the strongest USDH proposal we've seen to date. (If passed,) Hyperliquid will not face the scaling/counterparty issues of Lead Bank (currently holding only $3 billion in assets, half of USDC on HL), nor will it face the same challenges of competing with Stripe/Tempo in terms of Bridge support. The platform will have the same institutional support and infrastructure as Paxos, but will also gain access to Rain's leading on-chain spending product, the best bridge interoperability with LayerZero, and one of Ether.fi's leading vault management. This puts it on par with the best institutional support, and its usability and infrastructure undoubtedly surpass others. Considering these factors and Paxos's... It will be interesting to see how open and fair this process is and whether we receive other strong endorsements in the coming days.”