Notas del episodio

Hyperliquid is about to launch USDH — its first native, U.S. dollar–pegged stablecoin — with a twist: the issuer will be decided entirely by the community through on-chain governance. This is more than a product launch. It’s a structural shift that could rewire where stablecoin yield flows, how liquidity rotates, and how governance power translates into market momentum.

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