Hyperliquid Unleashes USDH Stablecoin in Bold DeFi Move

by Ouess
USDH Stablecoin

The Hyperliquid decentralized exchange launched its USDH stablecoin . USDH became the first spot quote asset that trades without whitelist restrictions adding a core component to the platform and pushing the next growth cycle in DeFi.

A Deeply Committed Launch

Native Markets, a core ecosystem participant, staked 200,000 HYPE tokens for three years. The lock up ties the firm’s returns to the network’s long term performance.

https://twitter.com/nativemarkets/status/1971881607423578266

Native Markets pre minted 15 million USDH stablecoin to seed liquidity. The token holds cash and short-dated U.S. Treasuries as reserves. Yield from the reserves will buy back HYPE on a set schedule recycling value to token holders.

An Ecosystem Vote of Confidence

The launch followed a governance vote. Native Markets’ plan defeated rival proposals from Paxos besides Agora. HYPE holders cast the winning ballots signaling support for the new direction.

Launching into a Fierce Competitive Battle
Hyperliquid released USDH while rival DEX Aster advertises support from Binance co founder Changpeng Zhao. Aster earned ten million dollars in twenty-four-hour revenue – Hyperliquid earned three million. Aster also routes deposits from Solana and other chains.

Dex Ranking
DEX Ranking Source : DeFiLlama

The Road Ahead for USDH Stablecoin

Despite the fierce competition, Hyperliquid is charging forward. The platform plans to deeply integrate USDH into its spot market and introduce USDH-margined perpetuals. The USDH stablecoin launch is more than just a new asset; it’s the core of Hyperliquid’s strategy to solidify its position as a dominant force in the future of decentralized finance.

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