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.