The Hyperliquid team announced in Discord about plans to launch USDH.
This question, as well as the choice of the team for development, will be put to a vote.
The platform also plans to reduce fees on spot pairs with two quoted currencies by 80%.
Later they will be made publicly available.
The Hyperliquid platform plans to launch USDH, its own stablecoin pegged to the dollar. This follows a statement published by the project team in Discord.
It should be noted that according to the publication, the decision to issue the asset has not yet been approved. It will be put to a vote by the validators, just like the choice of the team that will be responsible for the project's development.
The mechanism in this case will be the same as during the delisting of assets. That is, voting will take place through transactions at the first level.
Moreover, the publication implies that in the next update, the protocol plans to reduce the taker, maker fees, and user contributions by 80% for pairs with two quote currencies on the spot market, in order to increase liquidity and reduce friction.
In addition, spot quotes will become publicly available, according to the project's team statement. To create such a currency pair, a 'minimum' volume of HYPE tokens needs to be locked. The exact amount, as well as the slashing mechanism, the developers promised to publish later.
It should be noted that there are no mentions of USDH on the official Hyperliquid page. However, in June 2025, the M0 platform announced the release of the USDhl stablecoin, intended to displace USDC and USDT in the ecosystem.
The HYPE token reacted to the news with moderate growth. On the daily chart, it amounts to 3.4% considering a slight pullback after a local peak:
