Sky has just put forward a major proposal to support the launch of Hyperliquid’s USDH stablecoin and the details suggest this could become a cornerstone for the chain’s growth.

Here’s what’s on the table:

  • Attractive Yield: USDH holders could earn 4.85% on deposits, positioning it as a competitive stablecoin in DeFi markets.

  • Compliance-Ready: With GENIUS Act compliance options, USDH could appeal not only to crypto-natives but also to institutions that require regulatory pathways.

  • $25M Liquidity Commitment: Sky is backing this with a sizable $25M fund aimed at fueling liquidity and helping USDH scale “autonomously” across Hyperliquid’s ecosystem.

  • If approved, this initiative could trigger a powerful growth cycle bringing stability, deeper liquidity, and broader adoption to Hyperliquid’s DeFi landscape. Stablecoins have historically been key growth catalysts for blockchains, and USDH has the potential to play that role here.

👉 The community vote will decide whether USDH becomes the next big unlock for Hyperliquid.