USDH Stablecoin加热了超流利：交易量飙升！

Hyperliquid的USDH Stablecoin正在浪潮，拥有令人印象深刻的交易量并摇晃Dex景观。获取这个新竞争者的低点。

Hyperliquid's native stablecoin, USDH, has officially launched, and the initial reaction is hotter than a New York summer. Trading volume is soaring, and the platform's aiming for a little more independence from the usual suspects like USDC. Let's dive into what's making USDH a stablecoin to watch.

Hyperliquid的本地Stablecoin USDH已正式推出，最初的反应比纽约的夏天更热。交易量正在飙升，该平台的目标是与USDC这样的常规嫌疑人更加独立。让我们深入了解使USDH成为一个稳定的观看的原因。

USDH: A New Player Enters the Game

USDH：一个新玩家进入游戏

Hyperliquid is looking to flex its muscles with USDH, issued by Native Markets. The move isn't just about adding another stablecoin to the mix; it's a strategic play to gain more control over liquidity, fees, and how things get settled on the DEX. Right now, USDC makes up over 90% of deposits on Hyperliquid, so USDH is about diversifying and taking charge.

Hyperliquid希望通过本地市场发行的USDH锻炼肌肉。此举不仅仅是在混合物中添加另一个稳定的人。这是一场战略性的游戏，可以更好地控制流动性，费用以及如何在DEX上解决。目前，USDC占超流动性的90％以上的存款，因此USDH是关于多元化和负责的。

Early Trading Volume: A Sign of Strong Demand

早期交易量：需求强劲的迹象

The initial USDH/USDC trading pair hit the ground running, trading close to parity around 1.001. Within hours, trading volumes jumped past $2.2 million, showing traders are definitely interested but also keeping a close eye on how stable USDH really is. This cautious yet active entry suggests people are willing to give USDH a shot.

最初的USDH/USDC交易对开始运转，交易接近1.001。在几个小时内，交易量跃升了220万美元，这表明交易者绝对感兴趣，但也密切关注USDH的真正稳定性。这个谨慎而活跃的入场表明，人们愿意给USDH射击。

Validator-Approved: A Stamp of Legitimacy

验证者批准：合法性的印章

What makes USDH stand out? It wasn't just dropped on the market by a single issuer. Instead, it went through a validator-run selection process. Native Markets won the bid, beating out some big names like Paxos and Frax. This validator vote gives USDH an extra layer of credibility and community support. It shows that Hyperliquid's community is serious about decentralization and doing things their own way.

是什么让USDH脱颖而出？单个发行人不仅在市场上投放市场。相反，它经历了验证者运行的选择过程。当地市场赢得了竞标，击败了一些大人物，例如Paxos和Frax。此验证者投票为USDH提供了额外的信誉和社区支持。它表明，超级流动性的社区对权力下放和以自己的方式做事很认真。

Backed by Cash and Treasuries: A Solid Foundation

以现金和国债的支持：坚实的基础

Native Markets is emphasizing that USDH is fully backed by cash and short-dated US Treasuries. They're using a hybrid approach, combining off-chain management with on-chain transparency via oracle feeds. This is all about balancing real-world assets with user confidence.

本地市场强调，USDH完全得到现金和短期美国国债的支持。他们正在使用混合方法，将链链管理与通过Oracle Feeds进行链透明度相结合。这全都是关于用户信心平衡现实世界的资产。

The HYPE Connection

炒作连接

Here's where it gets interesting. Part of the yield from USDH's reserves will go towards buying back Hyperliquid's HYPE token. The rest will support the DEX's growth. This clever move ties USDH's success directly to Hyperliquid's overall health, giving traders and token holders a reason to pay attention.

这是有趣的地方。 USDH的储量收益率的一部分将用于回购Hyperliquid的炒作令牌。其余的将支持DEX的增长。这一聪明的举动将USDH的成功直接与超级流动性的整体健康联系起来，这使交易者和代币持有人有理由关注。

Competition Heats Up: Hyperliquid's Strategic Move

竞争加剧：超级流动的战略举动

The stablecoin market is a battleground, and Hyperliquid is making a bold move with USDH. By creating a community-backed, fiat-anchored stablecoin that's tied to its native token, Hyperliquid is positioning itself for the future. This is about more than just another stablecoin; it's about sovereignty and control.

Stablecoin市场是一个战场，Hyproliquid与USDH大胆地行动。通过创建一个与本土代币相关的社区支持的，由菲亚特裁缝的稳定的stablecoin，Hyproliquid正在为未来定位。这不仅仅是另一个稳定币。这是关于主权和控制。

The Big Picture

大局

As of late September, Hyperliquid activated spot trading for USDH, seeing over $2 million in initial transactions. This test run aims to reduce reliance on external issuers, particularly Circle (USDC). Hyperliquid's strategy reflects a broader trend: stablecoins are booming, with a market capitalization nearing $300 billion. Regulatory clarity is helping, but so is the increasing need for DEXs to control their own monetary bases.

截至9月下旬，超级流动性的活性现货交易量为USDH，在初始交易中看到了超过200万美元。该测试运行旨在减少对外部发行人的依赖，尤其是Circle（USDC）。 Hyperliquid的策略反映了更广泛的趋势：Stablecoins正在蓬勃发展，市值接近3000亿美元。监管清晰度有所帮助，但越来越多的DEX需要控制自己的货币基础。

My Two Cents

我的两分钱

Look, Hyperliquid is smart to want more independence. Depending too much on one stablecoin is like putting all your eggs in one basket. USDH gives them options and lets them play the game on their own terms. Plus, that HYPE buyback? Genius! It gets everyone invested in the success of the whole ecosystem. While Hyperliquid’s share of the on-chain perpetuals market has decreased, a native stablecoin could be just what they need to reclaim lost ground.

看，超级流动很聪明，想要更多独立性。根据一个稳定的稳定，就像将所有鸡蛋放在一个篮子里一样。 USDH为他们提供了选择，并让他们按照自己的条款玩游戏。另外，炒作回购？天才！它使每个人都投资于整个生态系统的成功。尽管超流动性在链上永久市场的份额有所下降，但本地稳定的stablecoin可能正是他们需要夺回失落的地面所需的。

The Takeaway

外卖

So, is USDH the next big thing in stablecoins? Only time will tell. But with its strong start, validator backing, and clever ties to the Hyperliquid ecosystem, it's definitely a contender. Keep an eye on this one, folks. It's gonna be a wild ride!

那么，USDH是Stablecoins中的下一个大事吗？只有时间会证明。但是，由于其强劲的开始，验证器的支持以及与超流液生态系统的巧妙联系，因此绝对是竞争者。伙计们，请密切注意这一点。这将是一个疯狂的旅程！