Hyperliquid launches USDH Stablecoin: Positive signals for innovation in DeFi

The decentralized exchange #Hyperliquid has just announced a groundbreaking proposal: seeking teams to launch a new stablecoin called USDH on its network. This move not only demonstrates the dynamism of Hyperliquid but also represents a significant step forward in building a robust and autonomous DeFi ecosystem.

Promoting competition and creativity

Opening a public competition for teams to build #USDH will promote healthy competition and attract top talent in the industry. Although there are some mixed opinions from the community regarding the fairness of the proposal, it is these debates that reflect the transparency and user participation, which are core values of decentralized finance. Allowing teams to propose a stablecoin compliant with the GENIUS Act also shows that Hyperliquid is proactively adapting to the increasingly stringent regulatory environment.

A "Hyperliquid-first" Stablecoin

The goal of USDH is to become a stablecoin that is "natively mined" and "closely linked" to Hyperliquid. This not only helps this exchange to have a stable internal currency for trading but also creates a new revenue stream from reserve profits. The success of USDH will reinforce Hyperliquid's position as a leading DeFi platform, attracting more users and capital flows, while also proving that crypto projects can develop their own payment solutions independently. #anhbacong