Hyperliquid is a leading Perptual Futures DEX and high-performance public chain, recently announcing plans to launch its native stablecoin USDH. This initiative aims to drop reliance on external stablecoins (such as USDC) — currently, Hyperliquid holds approximately 5.5 billion USD (about 7.5% of the total USDC supply) — and to capture the earnings generated from reserve management.


Instead of issuing USDH on its own, the Hyperliquid Foundation has chosen to invite teams to submit compliant stablecoin design proposals with Hyperliquid as a priority through a public bidding process, and the final issuer will be decided by a vote from Hyperliquid's validators. The deadline for proposal submissions is September 10, and the validator voting is scheduled for September 14.
USDC0.03%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)