Haciyev Reşit 
The crypto derivatives exchange HyperLiquid is preparing to launch its own native stablecoin. According to the project’s official announcement, the ticker USDH is already reserved by the protocol and will be opened to the community through an on-chain validator vote.
USDH Stablecoin Details
- Ticker: USDH
- Structure: HyperLiquid-first, HyperLiquid-aligned, and regulation-compliant USD stablecoin
- Process: Allocated to a user address via validator voting
- Acquisition: Conducted through HyperLiquid L1 transactions, similar to delisting votes
USDH is positioned as a canonical ticker expected to attract high demand. Therefore, validators will vote to select the strongest team to deploy it.
Validator Process & User Participation
Validators will decide which team is most suitable to deploy USDH. Candidate teams will be able to apply via HyperLiquid’s new dedicated forum. Applications must specify the user address that will deploy USDH. Even the approved team will still need to participate in the spot deploy gas auction.
Future Plans
- Spot Pairs: Next network upgrade will reduce fees by 80% for trades between two spot quote assets.
- Permissionless Trading: Spot quote assets will eventually become permissionless, starting with testnet.
- Staking: Staking requirements and slashing criteria for USDH will be announced.
With this move, HyperLiquid aims not only to strengthen its position in the derivatives market but also to become a key player in the stablecoin ecosystem.
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