Key Notes

Hyperliquid's USDH stablecoin proposal awaits on-chain validator voting approval, following the platform's standard governance process.

HYPE token surged 3.4% to $47 following the announcement, demonstrating strong market confidence in the project's direction.

Dual-token stablecoin architectures offer enhanced transparency by separating peg maintenance from yield generation mechanisms.

Prominent decentralized exchange Hyperliquid has unveiled plans to launch USDH, its proposed native dollar-pegged stablecoin, driving 3% intraday gains for HYPE.

The exchange confirmed via its official Discord channel that USDH’s proposal is now subject to validator vote before moving forward, similar to its asset delisting process.

HYPERLIQUID IS RELEASING $USDH

A Hyperliquid-first, Hyperl

See Full Page