Hyperliquid will introduce a voting mechanism for the stablecoin USDH and reduce some spot fees in its next network upgrade.

Hyperliquid will optimize its spot market structure in its next network upgrade, reducing taker fees, maker rebates, and user trading volume contributions for spot trades between two spot-quoted assets by 80% to improve liquidity and reduce user friction.

At the same time, the protocol's currently reserved stablecoin symbol, USDH, will be released through an on-chain validator voting process. This voting process will be conducted entirely on Hyperliquid L1, similar to the delisting vote. Selected teams will then be required to participate in the regular spot deployment gas auction. Officials stated that USDH, as a highly demanded regulated symbol, will be used to build a compliant, Hyperliquid-first native stablecoin. In the future, spot-quoted assets will gradually become permissionless, with related staking and penalty mechanisms to be announced later.