The Hyperliquid platform has announced its intention to launch its own stablecoin, USDH. An important aspect is that the decisions on its development will be made by the community.
Community Decisions on Launch
The launch of USDH is not left to a single team. Validators helping to run the network are voting on which team will be responsible for developing the stablecoin. This approach allows the community to control the development process.
Partnership with Paxos and HYPE Token
Paxos has proposed its candidacy to issue USDH, highlighting its strengths in regulation and scalability. A Paxos-issued USDH will ensure global issuance compliant with GENIUS standards and include a revenue-sharing model to support the HYPE token.
Expansion of the Hyperliquid Ecosystem
Circle, the developer behind USDC, has announced plans to expand into the Hyperliquid ecosystem, expressing its intention to become a major player in the space. Circle believes that their high-speed native USDC will be well received by platform users.
Thus, the launch of the USDH stablecoin and plans for the expansion of the Hyperliquid ecosystem indicate significant development for the platform and its adaptation to community demands.
