Circle, Paxos signal interest in Hyperliquid's USDH stablecoin ahead of validator vote

Hyperliquid validators will vote on the USDH stablecoin ticker in the first governance trial beginning this ￰0￱ company aims to use the initiative to test the role of on-chain governance in shaping its stablecoin ￰1￱ to the company’s updated guidelines the validator vote will only be for the ticker and does not grant USDH any privileges by the nature of its ticker ￰2￱ team behind Hyperliquid also disclosed that the USDH stablecoin will be only one of many such dollar-backed digital assets for its ￰3￱ sets deadline for USDH ticker validator voting Hyperliquid introduced proposals from companies to support its USDH stablecoin which is designed to serve as an alternative to bridged assets like ￰4￱ deadline for proposals is September ￰5￱ deadline for validators to declare the USDH ticker is September 11

and voting will take place on September 14 between 10:00 and 11:00 ￰6￱ company also said its base currencies used to denominate trading pairs will become permissionless and will allow anyone to create new pairs without approval after the upcoming technical ￰7￱ acknowledged that the Foundation’s validators will align with whichever team secures the most non-Foundation ￰8￱ initiative is meant to reduce perceptions of centralized influence while maintaining a stakeholder-based ￰9￱ voting has faced some criticism from some existing stablecoin teams on ￰10￱ already-established Hyperliquid stablecoin protocol Hyperstable claimed that the USDH ticker had previously been ￰11￱ author of the post

who goes simply by Max argued that it was unfair for the company to change as many builders have already launched months ￰12￱ urged the foundation to keep the USDH ticker blacklisted indefinitely or build an in-house stablecoin themselves if the company wants to maintain its reputation for being credible and neutral toward all current and future teams building on ￰13￱ apparent co-founder of Hyperliquid DEX aggregator LiquidLaunch Shisho refuted Max’s claims

saying that the goal posts had not ￰14￱ explained that the regulatory environment changed following the signing of the GENIUS Act into ￰15￱ Ha research analyst at quantitative trading firm Presto argued that the ticker voting initiative shows that Hyperliquid is positioning itself in opposition to the centralized control characteristic of many ￰16￱ also believes the initiative elevates community oversight and transparency as central pillars of the company’s ￰17￱ seeks to deploy USDC on HyperEVM Circle also revealed plans to deploy its native USDC stablecoin and CCTP V2 on ￰18￱ company hopes to include USDC deposits in HyperCore and HyperEVM ￰19￱ stablecoin issuer said USDC will offer a regulated and fully reserved digital dollar on ￰20￱ company also hopes the initiative will enable institutional on/offramps like Circle Mint

as well as integrate easily into HyperEVM ￰21￱ believes its CCTP V2 will help developers to allow users to move USDC between the firm and ￰22￱ company said the initiative will have a 1:1 capital ￰23￱ stablecoin issuer added that the Cross-Chain Transfer Protocol will allow the development of applications for cross-chain ￰24￱ previously reported by Cryptopolitan Paxos Labs seeks to support the USDH stablecoin on its ￰25￱ firm revealed plans to use 95% of the USDH yield to buy back and redistribute HYPE back to ecosystem ￰26￱ Difference Wire : the secret tool crypto projects use to get guaranteed media coverage