HYPE Soars 3% on Hyperliquid’s USDH Stablecoin Plans

The HYPE token surged 3.4% in intraday trading as Hyperliquid announced plans for a US dollar-pegged stablecoin called USDH. This move, which sparked excitement among traders and signals a commitment to expanding the DeFi ecosystem, is already driving significant interest in the project. More details on the USDH project are expected as it awaits approval from validators. Learn more with our latest analysis.