Join Our Telegram channel to stay up to date on breaking news coveragePolymarket odds that Native Markets will win the bid for Hyperliquid’s USDH stablecoin have soared to 94.8% after Ethena Labs withdrew its application. That’s after the odds on the popular decentralized betting platform that Native Markets will win the bid jumped over 25% in the last 24 hours. Ethena Labs Withdraws From USDH BiddingThe soaring confidence that Native Markets will win the Hyperliquid stablecoin bid comes after the founder of Ethena Labs, Guy Young, said his team “will respectfully be withdrawing” its proposal for the stablecoin launch. Before Ethena Labs withdrew its proposal, Arthur Hayes had also added to his holdings in the project’s native ENA token. Hearing from multiple bidders that none of the validators are interested in considering anyone besides Native Markets.