Hyperliquid Launches Bold USDH Stablecoin Driven by Validator Voting

Hyperliquid is set to launch its own stablecoin, USDH, utilizing validator voting to reshape DeFi market dynamics. The move comes after Hyperliquid accumulated $5.5 billion in USDC deposits and could generate substantial revenue for HYPE token holders, leading to a 17% boost in annual earnings. USDH stands out by prioritizing governance through validator voting instead of centralized control, promoting transparency and decentralization.