HBARUSD is a sleeper. Best tech IMHO to take on mass transaction like VMA and can run on any computer, no massive server and expensive block mining infrastructure needed. Blockchain is novelty and all spec compared to hashgraph. *Not financial advise!
BTCUSDT Canary Funds has filed an application with the U.S. SEC for an HBAR ETF. HBAR is the native cryptocurrency of the Hedera network, which is renowned for its enterprise-grade distributed ledger technology, supporting asset tokenization, Web3 deployments, and NFT issuance.
HBARUSD Archax is a portfolio company of ABRDN, and BlackRock has a 10% stake in ABRDN. Further, ABRDN is a Hedera Council member. BlackRock doesn’t need to have a direct commercial relationship with Hedera. It remains that BlackRock and ABRDN have their assets tokenized on Hedera. That’s bullish, imo.
HBARUSD BlackRock not having a direct commercial interest in Hedera might be better in the long run. It means the decision to use Hedera was made purely on its technical merits by third-party firms like Archax, which chose Hedera for its capabilities.