Agora vs Paxos vs Frax: The Ultimate Stablecoin Stewardship Battle
The Rollup9 Sep 2025

Agora vs Paxos vs Frax: The Ultimate Stablecoin Stewardship Battle

The stablecoin wars have arrived at HyperLiquid's doorstep.

In today's episode, we dive into the USDA showdown that took over crypto Twitter this weekend. HyperLiquid opened up their native stablecoin ticker to community proposals, triggering a fierce competition between major players.

We sit down with three key contenders: Nick from Agora, Bo from Paxos Labs, and Sam from Frax. Each brings their own vision for scaling USDA beyond HyperLiquid's $5.5 billion ecosystem - from institutional partnerships to DeFi-native coalition building.

This isn't just about a ticker. It's about who becomes the steward of flows for one of crypto's most important trading platforms, with proposals offering 95-100% revenue sharing back to the community.

---

𝗗𝗜𝗦𝗖𝗟𝗔𝗜𝗠𝗘𝗥: 𝘐𝘯𝘷𝘦𝘴𝘵𝘪𝘯𝘨 𝘪𝘯 𝘤𝘳𝘺𝘱𝘵𝘰𝘤𝘶𝘳𝘳𝘦𝘯𝘤𝘺 𝘢𝘯𝘥 𝘋𝘦𝘍𝘪 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮𝘴 𝘤𝘰𝘮𝘦𝘴 𝘸𝘪𝘵𝘩 𝘪𝘯𝘩𝘦𝘳𝘦𝘯𝘵 𝘳𝘪𝘴𝘬𝘴 𝘪𝘯𝘤𝘭𝘶𝘥𝘪𝘯𝘨 𝘵𝘦𝘤𝘩𝘯𝘪𝘤𝘢𝘭 𝘳𝘪𝘴𝘬, 𝘩𝘶𝘮𝘢𝘯 𝘦𝘳𝘳𝘰𝘳, 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮 𝘧𝘢𝘪𝘭𝘶𝘳𝘦 𝘢𝘯𝘥 𝘮𝘰𝘳𝘦. 𝘈𝘵 𝘤𝘦𝘳𝘵𝘢𝘪𝘯 𝘱𝘰𝘪𝘯𝘵𝘴 𝘵𝘩𝘳𝘰𝘶𝘨𝘩𝘰𝘶𝘵 𝘵𝘩𝘪𝘴 𝘤𝘩𝘢𝘯𝘯𝘦𝘭, 𝘸𝘦 𝘮𝘢𝘺 𝘦𝘢𝘳𝘯 𝘢 𝘤𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯 𝘰𝘳 𝘧𝘦𝘦 𝘢𝘴 𝘢 𝘴𝘱𝘰𝘯𝘴𝘰𝘳𝘴𝘩𝘪𝘱, 𝘪𝘧 𝘵𝘩𝘪𝘴 𝘪𝘴 𝘵𝘩𝘦 𝘤𝘢𝘴𝘦 𝘸𝘦 𝘸𝘪𝘭𝘭 𝘢𝘭𝘸𝘢𝘺𝘴 𝘮𝘢𝘬𝘦 𝘴𝘶𝘳𝘦 𝘪𝘵 𝘪𝘴 𝘤𝘭𝘦𝘢𝘳. 𝘞𝘦 𝘢𝘳𝘦 𝘴𝘵𝘳𝘪𝘤𝘵𝘭𝘺 𝘢𝘯 𝘦𝘥𝘶𝘤𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘤𝘰𝘯𝘵𝘦𝘯𝘵 𝘱𝘭𝘢𝘵𝘧𝘰𝘳𝘮, 𝘯𝘰𝘵𝘩𝘪𝘯𝘨 𝘸𝘦 𝘰𝘧𝘧𝘦𝘳 𝘪𝘴 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘞𝘦 𝘢𝘳𝘦 𝘯𝘰𝘵 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭𝘴 𝘰𝘳 𝘭𝘪𝘤𝘦𝘯𝘴𝘦𝘥 𝘢𝘥𝘷𝘪𝘴𝘰𝘳𝘴.

Avsnitt(625)

Why Saylor Is Wrong About the Quantum Threat | Alex Pruden

Why Saylor Is Wrong About the Quantum Threat | Alex Pruden

Alex Pruden joins The Rollup to break down the quantum threat to every major blockchain, why Saylor's "just hard fork it" answer is not enough, and why Ethereum may actually be better positioned than ...

14 Apr 41min

Vladimir Novakovski on Why Lighter Is Built for the Future of Finance

Vladimir Novakovski on Why Lighter Is Built for the Future of Finance

Vlad Novakovski joins The Rollup to break down the Lighter EVM launch, the valuation disconnect vs. HyperLiquid, and why the future of finance runs on DeFi rails.Vladimir Novakovski is the co-founder ...

11 Apr 38min

Max Gokhman on Why the 60/40 Portfolio Is Dead

Max Gokhman on Why the 60/40 Portfolio Is Dead

Franklin Templeton's Deputy CIO Max Gokhman breaks down why 60/40 is dead, how $1.7T heads onchain, and why TradFi and DeFi are merging into one market.Max Gokhman is Deputy CIO at Franklin Templeton ...

10 Apr 47min

Brian Wong: I Solved the AI Investment Playbook

Brian Wong: I Solved the AI Investment Playbook

Brian Wong joins this episode of AI Supercycles to break down his barbell investment strategy for the AI boom, why the real AI x digital assets trade is in stablecoin app layer companies, and much mor...

9 Apr 46min

Logan Jastremski: Will Hyperliquid Flip Solana?

Logan Jastremski: Will Hyperliquid Flip Solana?

Logan Jastremski joins The Rollup to break down why blockchains are really just global exchanges, why localized ingestion beats co-location as a trading model, and more.Logan Jastremski is the co-foun...

8 Apr 1h

The Past, Present, And Massive Future of Stablecoins (...Trillions Coming) - Stably CEO

The Past, Present, And Massive Future of Stablecoins (...Trillions Coming) - Stably CEO

Kory Hoang joins this episode of Stabled Up to break down his full stablecoin taxonomy, Polymarket's new stablecoin, how stablecoins have evolved into multiple secotrs, why 'payments money' and 'savin...

7 Apr 44min

Aerodrome Co-Founder: 90% of Top 100 Tokens Are Uninvestable (Here's Why)

Aerodrome Co-Founder: 90% of Top 100 Tokens Are Uninvestable (Here's Why)

Alex Cutler joins The Rollup live from Digital Asset Summit to break down why DEXs are producing more fees than the chains they run on but worth a fraction of their market cap, and more.Alex Cutler is...

4 Apr 19min

James Seyffart on Why 150 Digital Asset ETFs Are Coming

James Seyffart on Why 150 Digital Asset ETFs Are Coming

James Seyffart joins The Rollup live from DeFi Day to break down why 150 crypto ETF filings are in the pipeline, what Blackrock tokenizing every ETF actually means, and more.James Seyffart is a senior...

3 Apr 20min

Populärt inom Teknik

uppgang-och-fall
natets-morka-sida
bilar-med-sladd
market-makers
elbilsveckan
rss-technokratin
skogsforum-podcast
rss-laddstationen-med-elbilen-i-sverige
rss-uppgang-och-fall
har-vi-akt-till-mars-an
rss-elektrikerpodden
rss-veckans-ai
bli-saker-podden
rss-powerboat-sverige-podcast
developers-mer-an-bara-kod
hej-bruksbil
rss-it-sakerhetspodden
rss-snacka-om-ai
rss-fabriken-2
rss-en-ai-till-kaffet