Why DeFi Protocols Are Building Their Own Stablecoin Infrastructure: Fraxs Hyperliquid USDH Proposal

In this Stabledash live recap, we explore Frax's approach to the Hyperliquid USDH proposal with Sean, VP of Communications, discussing how DeFi-native protocols are positioning themselves for the GENIUS stablecoin era and the trade-offs between customization and regulation.

Key Topics Covered:
- Frax's evolution from algorithmic stablecoins to GENIUS-compliant frxUSD
- The three-part stablecoin operating system: frxUSD, Fraxtal chain, and FraxNet
- Partnering with federally chartered banks to address regulatory requirements
- Offering 100% economics to Hyperliquid - why efficiency enables this
- Building from first principles vs. "stablecoin as a service"models
- Multi-chain deployment strategy and Layer Zero infrastructure
- The importance of DeFi-native experience for ecosystem growth

About the Guest:
Sean is VP of Communications at Frax, having recently joined full-time after years of following and writing about the protocol. With a background in hardware engineering and IoT, he discovered DeFi through DePIN projects before focusing on stablecoins as crypto's killer use case.


This conversation explores how DeFi-native protocols are adapting to serve both crypto-native and traditional finance markets in the evolving stablecoin landscape.

Review all of the USDH Proposals here: https://stabledash.com/news/everything-you-need-to-know-about-hyperliquid-s-usdh

#cryptocurrency #crypto #defi #hyperliquid #usdh #stablecoins #blockchain