According to @hfangca, there will be no launch of a proprietary stablecoin, with the stated goal to provide customers the best USD pair liquidity regardless of which USD-backed stablecoin they prefer, source: @hfangca on X, Aug 20, 2025. For traders, this means an emphasis on USD trading pairs with liquidity across USD-backed stablecoins to make execution and funding choice easier, source: @hfangca on X, Aug 20, 2025.