• About Us
  • Careers
  • Contact
No Result
View All Result
Monday, September 8, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Stablecoin

Hyperliquid Sets Governance Vote to Decide USDH Stablecoin Issuer

8 September 2025
in Stablecoin
Reading Time: 3 mins read
107 1
source: cryptobriefing.com

source: cryptobriefing.com

Contents

Toggle
  • Quick Breakdown
  • Governance Vote Scheduled for September 14
  • Four Teams Compete for the USDH Designation
  • HYPE Token Surges on Stablecoin Plans

Quick Breakdown

  • Hyperliquid’s validators will decide the USDH stablecoin issuer in a governance vote on September 14.
  • Four contenders, Paxos, Frax, Agora, and Native Markets, have submitted competing proposals.
  • The announcement pushed HYPE token up 12%, near its all-time high, supported by strong trading volumes.

Governance Vote Scheduled for September 14

Decentralized exchange and Layer-1 blockchain Hyperliquid has confirmed that a governance vote will be held on September 14, between 10:00 and 11:00 UTC, to determine which team will be granted the USDH ticker for issuing a native stablecoin on the network.

Ahead of the decision, competing issuers are required to submit proposals by September 10, while validators must publicly declare their choice by September 11. This setup will allow users to align their stake with validators representing their preferred option.

Hyperliquid clarified that the vote relates only to the USDH ticker assignment and does not grant the winner any exclusive rights over stablecoin issuance. The blockchain will continue to host multiple stablecoins alongside USDH.

Four Teams Compete for the USDH Designation

As of September 8, four groups have entered the race to issue USDH: Paxos Labs, Frax Finance, Agora, and Native Markets, a Hyperliquid-native team. Each proposal outlines a different approach to collateralization and distribution.

Proposal submitted: USDH powered by Paxos

USDH issued by Paxos would mean:

❏ Global issuance that is GENIUS compliant
❏ Revenue sharing that fuels HYPE, protocols and validators
❏ Regulatory clarity + global scale to match @HyperliquidX‘s explosive growth

Hyperliquid. pic.twitter.com/iKIFUOT0bQ

— Paxos (@Paxos) September 6, 2025

Notably, Agora’s plan includes directing net revenue from its U.S. Treasury and cash reserves into Hyperliquid’s Assistance Fund or HYPE token buybacks, adding a unique incentive to its model.

Hyperliquid first revealed its intention to launch a proprietary stablecoin on September 5, describing USDH as a “Hyperliquid-first, compliant USD stablecoin” aimed at improving liquidity and reducing reliance on bridged assets. Currently, USDC dominates with 95% of the $5.6 billion stablecoin supply on Hyperliquid, according to DeFiLlama.

HYPE Token Surges on Stablecoin Plans

The rally builds on the protocol’s growing reputation as a leading DEX for perpetual futures trading, with $398 billion in derivatives volume and $20 billion in spot trades recorded last month alone. Hyperliquid now ranks as the eighth-largest DeFi protocol by total value locked (TVL).

In May, Hyperliquid submitted formal comment letters to the U.S. Commodity Futures Trading Commission (CFTC), advocating for a regulatory framework that supports DeFi while fostering innovation in emerging markets such as perpetual derivatives and 24/7 trading.

 

If you would like to read more articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

Take control of your crypto  portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Share63Tweet39Share11
Favour Okosodo

Favour Okosodo

Experienced web content writer with a strong command of SEO, specializing in creating concise, engaging content that drives traffic and enhances conversions across diverse industries.

Related Posts

source: x.com
Stablecoin

Based Secures Strategic Investment from Ethena Labs to Expand USDe Adoption on Hyperliquid

8 September 2025
source: navigator-insurance.com
Stablecoin

Hong Kong Adopts Cautious Path on Stablecoin Licensing Amid Strong Demand

8 September 2025
source: valuewalk.com
Stablecoin

Obita Raises $10M to Expand Stablecoin-Powered Cross-Border Payments

1 September 2025
source: theblock.co
Crypto

World Liberty Financial Launches USD1 Stablecoin on Solana, Hits $2.2B in 90 Days

1 September 2025

Editors Picks

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

Web3 in 2025: Where We Are, What’s Next, and What the Data Says

byOlayinka Sodiq
21 July 2025
0

What Is a Rebase Token and How Does It Work?

What Is a Rebase Token and How Does It Work?

byOlajumoke Oyaleke
28 June 2025
0

What Are DeFi Options Vaults, and How Do They Work?

What Are DeFi Options Vaults, and How Do They Work?

byOlajumoke Oyaleke
26 June 2025
0

What Are Teardrop Attacks in Crypto?

byOlajumoke Oyaleke
17 June 2025
0

What Are Fractional NFTs, and How Do They Work?

What Are Fractional NFTs, and How Do They Work?

byBlessing Lisafi
7 February 2024
0

Read More

Chain of Thoughts

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

Markets Update

Your Weekend Crypto Roundup | September 2025 (Week 1)

3 days ago

Coinbase’s Preferred AI Coding Tool Suffers Virus Attack, Threatening Developer Security

3 days ago

Which Countries Own The Most Bitcoin in 2025?- Top 10

3 days ago

Top 10 Best Performing Altcoins of H1 2025

3 days ago

Binance CEO to Visit South Korea Amid Regulatory Push

4 days ago

Ripple Expands RLUSD Stablecoin to Africa Through Key Partnerships

4 days ago
Read More

Events

CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

Aster’s Next Era Begins: Airdrop Points Stage 2 Live, TGE Countdown Begins

bychainwire
8 September 2025
0

Bybit Resumes Full Access for Indian Users, Reinforces Commitment to Compliance and Crypto Inclusion

bychainwire
8 September 2025
0

Bybit Establishes New B2B Unit to Drive Institutional Adoption of Digital Assets

bychainwire
5 September 2025
0

Lowkick Studio Launches $SHARDS Token on Top Tier Exchanges for WorldShards MMORPG

bychainwire
5 September 2025
0

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

bychainwire
5 September 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Market Analysis
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00