Hyperliquid will introduce the stablecoin USDH voting mechanism in the next network upgrade and reduce some Spot fees.

Odaily News According to official news, Hyperliquid will optimize the spot market structure in the next network upgrade. The fees for recipients of spot trading pairs between two spot quoted assets, open orders rebates, and user volume contributions will be uniformly reduced by 80% to enhance liquidity and drop user friction. At the same time, the stablecoin code USDH currently retained by the protocol will be released through the on-chain validators voting process. Voting is conducted entirely on Hyperliquid L 1, and the process is similar to delisting voting, with the selected team required to participate in regular spot deployment Gas auctions. The officials stated that USDH, as a high-demand compliance code, will be used to build a compliant, Hyperliquid-prioritized native stablecoin. In the future, spot quoted assets will gradually move towards permissionless, with relevant staking and penalty mechanisms to be announced later.