[Frax: USDH Yield Buyback Ratio to Be Decided by the Community, Ecosystem Data Will Remain Transparent] BlockBeats News, September 9 — Sean Kelley, Vice President of Communications at Frax, stated during the 'USDH Stablecoin Roundtable' hosted by Hyperliquid that the decision on 'whether to allocate funds from yields for buybacks' should be determined by the community, including the specific allocation ratio. Frax is committed to resolving this issue through governance to finalize the details of the allocation ratio. This may require balancing between allocating some funds for buybacks to support the further growth of USDH and addressing other areas in the ecosystem that are considered weaker. The specific percentage should ultimately be decided by the community. Regarding the transparency of yield distribution, Frax places great emphasis on data visualization and aims to ensure that fund flows can be transparently tracked. Data will be published on dashboards for user access, essentially tracking everything on-chain within the ecosystem to ensure all data remains transparent. As for buyback allocation, Frax believes conducting buybacks quarterly might be reasonable, with all operations executed via smart contracts to ensure transparency and enforceability. BlockBeats previously reported that last Friday, Hyperliquid announced the launch of a 'USD stablecoin that prioritizes Hyperliquid, aligns with Hyperliquid's philosophy, and complies with regulations,' reserving the USDH token code for this purpose. Subsequently, multiple stablecoin issuers, including Paxos, Frax Finance, Ethena Labs, and Agora, have quickly entered the competition for the issuance rights of the USDH stablecoin.