Hyperliquid's USDH Vote: Decentralization or Disadvantage?
Update: 2025-09-08
Description
Hyperliquid's about to let its validators vote on listing USDH, their native stablecoin ticker, sparking debate about fairness and decentralization. While Hyperliquid says USDH won't get special treatment, some fear it could hurt existing stablecoins. This vote is a major test for Hyperliquid's governance, potentially shifting billions in liquidity and revenue, and signaling a move towards community-led decision-making in the DeFi space.
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