USDH Bid War Update: Native Markets currently has 70.59% 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 holds 70.59% of the staking share support, with 10 out of 19 node validators indicating they will support Native Markets. Paxos Labs ranks second, currently holding 16.49% of the staking share support, with 5 out of 19 node validators indicating they will support Paxos Labs.

Furthermore, 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 decreased to 7%, ranking second.

It is worth noting that, according to a previous official announcement from Hyperliquid, each node validator's "Validator USDH Voting Declaration" signifies their voting intention and reasons. The formal vote will start on September 14th at 18:00 UTC+8, and stakers must delegate their stake to a validator aligned with their voting intention before this time. The support shares of each bidder may still change, and the formal vote will end at 19:00 UTC+8. When a two-thirds majority support is reached, the designated bidder will be able to bid on the USDH token symbol in the spot deployment gas auction.