Hyperliquid Launches USDH Stablecoin via Validator Vote, HYPE Token Gains 3%

Hyperliquid’s USDH stablecoin launch will be driven by a validator vote, boosting the value of its governance token HYPE by nearly 3%. This community-driven approach ensures decentralized decision-making for a transparent and secure stablecoin deployment. The process involves validators choosing the team to deploy USDH, aligning with growing regulatory demands for compliance.