Hyperliquid is rewriting the rules of stablecoin issuance. The protocol confirmed that the long-awaited USDH ticker will be assigned through an onchain validator vote. The timeline is tight. Proposals close on September 10 at 10:00 UTC. Validators must declare support by September 11 at 10:00 UTC. The decisive onchain voting happens on September 14 between 10:00–11:00 UTC. That means less than a week separates pitch decks from final governance power plays. And the contenders? Some of the biggest names in stablecoins, RWA custodians, and payment rails. Nick van Eck’s $USDH Vision The first serious proposal came from Nick van Eck,
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