Hyperliquid Launches USDH Stablecoin Through On-Chain Validator Voting

Hyperliquid is revolutionizing stablecoin deployment by granting validators a pivotal role in the launch of its native USDH stablecoin. Instead of top-down decisions, the deployment process will be governed by on-chain voting from validator community members. This novel approach ensures transparent and decentralized control over key protocol decisions, fostering a more engaged and empowered ecosystem. The network upgrade accompanying the USDH launch is expected to significantly reduce trading fees by up to 80% on selected pairs, boosting user experience while driving greater adoption. Hyperliquid’s commitment to decentralization shines through as this innovation potentially sets a new standard for decentralized exchanges.