š Hyperliquid introduces plans for its native stablecoin ā $USDH
The perpetual #DEX protocol Hyperliquid is moving closer to launching USDH, its first stablecoin:
š³ļø Deployment will be decided by on-chain validator voting after the next network upgrade.
š Teams must submit proposals with deployment addresses, and validators will publicly vote through Hyperliquid L1 transactions.
ā”ļø The same upgrade will also slash fees by up to 80% on select trading pairs.
š Hyperliquid, built on a custom #Layer1, aims to deliver a CEX-like trading experience in a decentralized environment ā and USDH could become a key piece of that ecosystem.
