Hyperliquid is re-emerging as a key player in the DeFi ecosystem in 2025, announcing plans to launch its own stablecoin, USDH, alongside a major upgrade. Trading fees will be slashed to their lowest levels ever, and the token listing process will be revamped to a more democratic structure open to everyone.
This upgrade, based on a Layer 1 blockchain directly operated by Hyperliquid, incorporates strategies to attract liquidity and maximize user accessibility. First, maker fees and taker rebates applied to spot trading have been reduced by 80% compared to the previous level, significantly reducing user trading costs. This is expected to play a crucial role in not only increasing platform liquidity but also stimulating trader inflow.
Additionally, this upgrade will pilot an open listing mechanism, allowing individual users to list their own assets. This will overcome the limitations of the existing centralized listing method and transition to a "permissionless model" that allows anyone to easily list their own tokens. This will likely position Hyperliquid as an on-chain gateway for new projects.
The most notable development is the launch of a new stablecoin, "USDH." This stablecoin, specifically designed for the Hyperliquid native blockchain, will be planned and created through community participation. While the development team has not yet been finalized, its selection will be determined by a vote of Hyperliquid validators.
The initial distribution proposal was unveiled by DeFi developer Max Fiege. Fiege and his team at Native Markets plan to build USDH based on Hyperliquid's EVM chain and enable fiat currency interoperability via Stripe's bridge network. Fiege also announced that MC Lader, former president of Uniswap Labs, is ready to oversee the project's operations.
Some believe this change could represent a structural turning point for the DeFi ecosystem, going beyond a simple functional upgrade. Building on the Hyperliquid Foundation and its platform-friendly structure, a portion of USDH profits will be returned to the Foundation's Assistance Fund, fostering sustainable development of the ecosystem.
Hyperliquid's own token, HYPE, also responded positively. As of September 2025, HYPE rose 7% from the previous week to $47.78 (approximately KRW 66,370), breaking its previous high from last month. This upgrade and the launch of USDH are likely to serve as new growth drivers for Hyperliquid.
Get real-time news... Go to TokenPost Telegram
Copyright ยฉ TokenPost. Unauthorized reproduction and redistribution prohibited.
