Took a look at Native Markets, which some people have been "criticizing"—but honestly, they’re not the "rookies" people are making them out to be. Anish was once the youngest researcher at Paradigm, MC was Uniswap’s COO for a long time, and let’s not even get started on Max, who’s always been an active figure in the Hype community and the driving force behind Hyperion, the company behind the Hype token’s DAT. On top of that, Native Markets can be considered the original team of the Hype ecosystem, and that’s what makes them the most competitive. No matter how much the stablecoin teams from other proposals offer in terms of profit-sharing, they all fall into the category of bringing stablecoins *into* the Hype ecosystem. For that kind of "bringing in," USDC is already enough. If Native Markets creates a stablecoin based on the Hype community that can eventually "go out" into the broader world, wouldn’t that be more meaningful? (Stablecoin issuers who are just "coming in" don’t really have much incentive to take USDH beyond the ecosystem, right?)