A Critical Move from the Cryptocurrency Exchange Favored by Giant Whales! It Will Launch Its Own Stablecoin! – Voting Has Beginned!

Decentralized cryptocurrency derivatives exchange Hyperliquid has announced the launch of its native stablecoin, $USDH.

Hyperliquid announced on Discord that it plans to launch its own native stablecoin, $USDH.

Accordingly, Hyperliquid announced that it will hold an on-chain vote on the issuance of stablecoin $USDH.

The selected project will win the right to issue a native stablecoin, $USDH, compatible with Hyperliquid. Hyperliquid will provide the branding and $USDH token, while the voted team will be responsible for issuance and operations.

Unlike other stablecoins that can exist independently or be bridged from other chains, $USDH will be a core component of the Hyperliquid infrastructure, it was stated.

Alongside its announcement of a stablecoin called $USDH, Hyperliquid also announced a restructuring of its spot market. The exchange stated that trading fees, market maker discounts, and volume contributions for some trading pairs will be reduced by 80%, potentially reducing user costs.

Following the news, the HYPE price moved slightly and reached $47.2.

*This is not investment advice.