{"id":50231,"date":"2025-09-05T14:49:34","date_gmt":"2025-09-05T11:49:34","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=50231"},"modified":"2025-09-05T14:49:34","modified_gmt":"2025-09-05T11:49:34","slug":"a-new-player-in-the-crypto-world-hyperliquid-introduces-its-own-stablecoin","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/a-new-player-in-the-crypto-world-hyperliquid-introduces-its-own-stablecoin\/","title":{"rendered":"A New Player in the Crypto World: HyperLiquid Introduces Its Own Stablecoin"},"content":{"rendered":"<p>The crypto derivatives exchange HyperLiquid is preparing to launch its own native stablecoin. According to the project\u2019s official announcement, the ticker <strong data-start=\"155\" data-end=\"163\">USDH<\/strong> is already reserved by the protocol and will be opened to the community through an on-chain validator vote.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/a-new-player-in-the-crypto-world-hyperliquid-introduces-its-own-stablecoin\/#USDH_Stablecoin_Details\" title=\"USDH Stablecoin Details\">USDH Stablecoin Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/a-new-player-in-the-crypto-world-hyperliquid-introduces-its-own-stablecoin\/#Validator_Process_User_Participation\" title=\"Validator Process &amp; User Participation\">Validator Process &amp; User Participation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/coinengineer.net\/blog\/a-new-player-in-the-crypto-world-hyperliquid-introduces-its-own-stablecoin\/#Future_Plans\" title=\"Future Plans\">Future Plans<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"275\" data-end=\"304\"><span class=\"ez-toc-section\" id=\"USDH_Stablecoin_Details\"><\/span>USDH Stablecoin Details<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li data-start=\"307\" data-end=\"325\">Ticker: USDH<\/li>\n<li data-start=\"328\" data-end=\"424\">Structure: HyperLiquid-first, HyperLiquid-aligned, and regulation-compliant USD stablecoin<\/li>\n<li data-start=\"427\" data-end=\"490\">Process: Allocated to a user address via validator voting<\/li>\n<li data-start=\"493\" data-end=\"585\">Acquisition: Conducted through HyperLiquid L1 transactions, similar to delisting votes<\/li>\n<\/ul>\n<p data-start=\"587\" data-end=\"737\">USDH is positioned as a canonical ticker expected to attract high demand. Therefore, validators will vote to select the strongest team to deploy it.<\/p>\n<h2 data-start=\"739\" data-end=\"1081\"><span class=\"ez-toc-section\" id=\"Validator_Process_User_Participation\"><\/span>Validator Process &amp; User Participation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"739\" data-end=\"1081\">Validators will decide which team is most suitable to deploy USDH. Candidate teams will be able to apply via HyperLiquid\u2019s 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.<\/p>\n<h2 data-start=\"1083\" data-end=\"1101\"><span class=\"ez-toc-section\" id=\"Future_Plans\"><\/span>Future Plans<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li data-start=\"1104\" data-end=\"1208\">Spot Pairs: Next network upgrade will reduce fees by 80% for trades between two spot quote assets.<\/li>\n<li data-start=\"1211\" data-end=\"1320\">Permissionless Trading: Spot quote assets will eventually become permissionless, starting with testnet.<\/li>\n<li data-start=\"1323\" data-end=\"1408\">Staking: Staking requirements and slashing criteria for USDH will be announced.<\/li>\n<\/ul>\n<p data-start=\"1410\" data-end=\"1565\" data-is-last-node=\"\" data-is-only-node=\"\">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.<\/p>\n<p>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/p>\n<div class=\"blog-share text-center\"><\/div>\n<div class=\"blog-share text-center\"><\/div>\n<div class=\"blog-share text-center\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The crypto derivatives exchange HyperLiquid is preparing to launch its own native stablecoin. According to the project\u2019s 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<\/p>\n","protected":false},"author":37,"featured_media":40103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,2],"tags":[236,563,192,393,5384,840,847,336,58,5760],"class_list":["post-50231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-news","tag-altcoin","tag-altcoins","tag-blockchain","tag-crypto","tag-crypto-investment","tag-crypto-market","tag-crypto-news","tag-cryptocurrencies","tag-cryptocurrency","tag-digital-assets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A New Player in the Crypto World: HyperLiquid Introduces Its Own<\/title>\n<meta name=\"description\" content=\"The crypto derivatives exchange HyperLiquid is preparing to launch its own native stablecoin. 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