The Hyperliquid platform has announced its intention to create its own stablecoin, USDH, which will be pegged to the US dollar. This initiative was voiced by the project team in the Discord community.
This is reported by Business • Media
Launch of USDH: Voting and Features
The decision regarding the issuance of USDH has not yet been finalized — it is planned to be put to a vote among validators. Similarly, a development team will be selected to be responsible for creating this digital asset. Voting will take place through level one transactions, as has already been practiced during the delisting of assets on the platform.
The Hyperliquid platform plans to launch USDH, its own stablecoin pegged to the dollar. This follows a statement published by the project team on Discord.
Changes in Fees and Trading
As part of the upcoming update, Hyperliquid has also announced its intention to reduce spot market fees for pairs with two quoted currencies by 80%. This move is aimed at increasing liquidity and reducing friction for users. Subsequently, these spot quotes will become publicly available.
To create new currency pairs, it will be necessary to lock a “minimum” amount of HYPE tokens. The exact amount and the slashing mechanism will be announced by the team later.
It is worth noting that detailed information about USDH is currently absent from Hyperliquid’s official channels. Meanwhile, in June 2025, another platform, M0, announced the launch of the USDhl stablecoin, aimed at replacing USDC and USDT in the Hyperliquid ecosystem.
News about the potential launch of USDH has impacted the dynamics of the HYPE token: its price increased by 3.4% over the day, although there was a slight pullback after a local peak.
