[Ethena Labs Launches USDH Stablecoin Issuance Bid] BlockBeats News, September 12, Ethena Labs founder Guy Young posted on social media, stating that through direct communication with community members and validator nodes, Ethena Labs has carefully considered several key issues, namely: · Ethena is not the native team of Hyperliquid · Ethena has other product lines besides USDH · Ethena's vision is not limited to collaboration with a single trading platform Given the current situation is nearly clear, Ethena Labs will respectfully withdraw the proposal so that validator nodes can freely support other solutions.