Native Markets Leads Early Voting for Hyperliquid’s USDH Stablecoin Contract
- Native Markets has secured 30.8% of the delegated stake in the stablecoin vote, led by infinitefield.xyz (13.5%) and Alphaticks (5.2%).
- Paxos Labs holds a stake of 7.6%, supported by B-Harvest and HyBridge.
- 57% of the total stake remains unassigned, including influential validators like Nansen x HypurrCollective (18%).
- Hyperliquid currently holds $5.5 billion in USDC deposits, representing approximately 7.5% of its supply.
- The deadline for voting is September 14, with significant implications for the future of decentralized finance on Hyperliquid.
The outcome of this vote will determine which team issues a new stablecoin on Hyperliquid, potentially reshaping its financial infrastructure and redirecting hundreds of millions in annual Treasury yield.
With Native Markets currently leading at over one-third of the delegated stake, their proposal could significantly impact how Hyperliquid operates within the crypto ecosystem.(Source)
