[Sky Co-Founder: USDH Should Initially Be Fully Decentralized, Then Adjust as Necessary to Pursue Compliance] BlockBeats News, September 9: Rune, co-founder of Sky, stated at the 'USDH Stablecoin Roundtable' hosted by Hyperliquid that decentralization is the original intent behind our participation in cryptocurrency. The traditional financial system is beginning to accept and embrace cryptocurrency, and providing licenses and compliance mechanisms serves as an excellent bridge. We need to advance in a way that neither abandons the core advantages of decentralization nor loses the original essence of cryptocurrency. Sky's approach to USDH for the HyperLiquid community is to initially launch a fully decentralized stablecoin. Decentralized stablecoin designs inherently have many protective mechanisms that can prevent issues such as corruption or incompetence that may arise with centralized issuers, thus providing users with built-in protections. However, it is evident that regulatory approval and additional clarity are still needed, which are highly beneficial for compliance and alignment with regulatory frameworks. Sky will allow the community to decide for itself how to balance decentralization and compliance. It is entirely possible to make necessary adjustments to meet regulatory requirements while maintaining a highly decentralized infrastructure. BlockBeats previously reported that last Friday, Hyperliquid announced the launch of a 'Hyperliquid-first, Hyperliquid-aligned, and compliant USD stablecoin,' reserving the USDH token code for this purpose. Subsequently, several stablecoin issuers, including Paxos, Frax Finance, Ethena Labs, and Agora, have quickly entered the competition for the issuance rights of the USDH stablecoin.