I took a look at Native Markets, which has been criticized by some. They're not the "fresh kid" everyone describes them as. Anish was once Paradigm's youngest researcher, MC was Uniswap's COO for a long time, and Max has always been an active figure in the Hype community and the driving force behind Hyperion, the DAT company behind the Hype token. Furthermore, Native Markets is arguably the original team in the Hype ecosystem, which is its most competitive advantage. No matter how much concessions other stablecoin teams offer, they can all be categorized as introducing stablecoins into the Hype ecosystem. USDC is sufficient for this kind of "introduction." Wouldn't it be more meaningful if Native Markets, based on the Hype community's stablecoin, could "go global" in the future? (Stablecoin issuers that have already entered the ecosystem have little incentive to take USDH out of the ecosystem.)