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#Ethena Submits Proposal for USDH Supported by Anchorage, Securitize, and #Blackrock BUIDL
> USDH to be initially backed 100% by USDtb (anchored in BlackRock’s BUIDL via Anchorage Digital Bank), with 95% of reserve revenue committed to the Hyperliquid community.
> The plan includes a guardian validator network for security, and integration with partners like LayerZero, Securitize, Based, Unit, and Liminal.
> Ethena will cover all transaction costs for migration of USDC to #USDH