Hyperliquid Introduces USDH Stablecoin Voting to its Platform

Hyperliquid, a decentralized crypto trading platform, is set to introduce the USDH stablecoin through a validator vote. The move seeks community approval as part of an upcoming network update, employing a transparent, blockchain-based governance model.

Notable reductions in trading fees on the spot market and a shift toward a permissionless structure are also planned. The USDH stablecoin, currently held by the protocol, will undergo an on-chain vote to determine user accessibility. Validators will use the same mechanism applied in delisting processes.

Due to high demand for the USDH ticker, validators will select the most suitable team to develop a Hyperliquid-native stablecoin. Proposals can be submitted via a newly opened forum, with approved teams required to participate in the spot gas auction distribution process.