Hyperliquid Plans USDH Stablecoin Launch – But There’s a Catch

Key Highlights Hyperliquid proposes USDH stablecoin, pending validator vote Platform slashes fees by 80% to boost liquidity Could USDH rival USDT and USDC in the market? Hyperliquid Eyes USDH Stablecoin and Major Fee Cuts The Hyperliquid platform has revealed plans to launch USDH , its own dollar-pegged ￰0￱ announcement came through the project’s official Discord channel. However, the decision is far from ￰1￱ project team stressed that the stablecoin’s creation will undergo a validator vote before moving ￰2￱ like with asset delistings, the vote will take place directly on-chain at the first ￰3￱ will also have the power to select the team responsible for developing USDH.

Interestingly, despite the buzz, there’s still no mention of USDH on Hyperliquid’s official website, leaving the crypto community waiting for further ￰4￱ Fee Reductions to Drive Liquidity Alongside the stablecoin news, Hyperliquid plans a major protocol update: Taker, maker, and user fees will be reduced by 80% for dual-currency spot market ￰5￱ spot quotes will become available, increasing ￰6￱ such trading pairs will require locking up a minimum amount of HYPE ￰7￱ exact requirement and slashing mechanism will be shared ￰8￱ news had an immediate but modest impact on the HYPE token, which rose 3.4% on the daily chart before slightly pulling back.

It’s worth noting that Hyperliquid isn’t the only player exploring new ￰9￱ in June 2025, the M0 platform launched the USDhl stablecoin, directly challenging market leaders USDC and ￰10￱ USDH gains approval, it could further intensify the race for dominance in the stablecoin sector.