Hyperliquid has launched a groundbreaking governance experiment that promises to revolutionize the stablecoin landscape in decentralized finance (DeFi). The exchange announced its official start of voting on its USDH stablecoin ticker, with community members engaging with competing proposals. While USDH is currently just a placeholder for now, it’s rapidly gained momentum as a test of decentralized governance within the Hyperliquid ecosystem. Validators have already declared their intentions and reasoning in the Discord governance forum. The on-chain vote takes place on September 14th at 10:00-11:00 UTC, with stakers aligning their votes with their validator choices.