The well-known decentralized exchange Hyperliquid has announced its intention to issue a new stablecoin, USDH, pegged to the US dollar. The news has already had an impact on the market: the price of the platform's native token, HYPE, has risen by 3.4%, reaching $47.
According to a post on the project's official Discord channel, the USDH initiative is still under discussion and requires approval from network validators. Voting will take place directly on the Hyperliquid mainnet (L1), giving validators the right not only to approve the stablecoin's concept but also to determine the team responsible for its development.
Currently, no information about USDH is available on the Hyperliquid official website, so traders can only monitor updates . However, interest in the announcement has already generated significant volatility, with the HYPE price jumping sharply.
In addition to plans to launch a new stablecoin, the Hyperliquid team unveiled a major protocol update. Specifically, fees for makers, takers, and users of dual-asset spot pairs will be reduced by up to 80%.
Furthermore, the platform will introduce public spot prices, significantly increasing trading transparency. To activate these pairs, projects will be required to lock up a certain number of HYPE tokens. However, specific collateral requirements and additional terms are not yet disclosed; further details are promised in upcoming announcements.
