Hyperliquid's ongoing vote on USDH stablecoin issuance sees strong community support, with significant backing for the Assistance Fund proposal, though major validators have yet to allocate votes.
Hyperliquid is conducting a vote on the issuance of USDH stablecoins, with the Native Markets proposal leading at 38.35% support, suggesting 50% of reserve earnings go to the Assistance Fund. However, 41.83% of votes remain unallocated, including from key validators such as Nansen x HypurrCollective and Galaxy Digital. The vote follows a surge in Hyperliquid’s token price, which recently surpassed $55 due to rising community engagement around USDH proposals.