On 8 September 2025, Hyperliquid announced that it will launch its own dollar-pegged stablecoin, USDH, through on-chain governance. The move is designed to reduce reliance on Circle’s USDC and to create an internal, self-sustaining “blood-making” system. Issuance will be decided by community proposals and validator votes, with an explicit promise of regulatory compliance and decentralized oversight. Within minutes of the news, the platform’s native token HYPE jumped 4 % to $47.63 before settl...

On 8 September 2025, Hyperliquid announced that it will launch its own dollar-pegged stablecoin, USDH, through on-chain governance. The move is designed to reduce reliance on Circle’s USDC and to create an internal, self-sustaining “blood-making” system. Issuance will be decided by community proposals and validator votes, with an explicit promise of regulatory compliance and decentralized oversight. Within minutes of the news, the platform’s native token HYPE jumped 4 % to $47.63 before settl...