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Stablecoin issuers

Overview

What is Hyperstable?
Hyperstable is a decentralized stablecoin protocol on Hyperliquid issuing USDH, an over-collateralized USD-pegged stablecoin with dual-token governance.
How does Hyperstable work?
HyperStable issues USH, a crypto-backed over-collateralized stablecoin on Hyperliquid, where users deposit collateral into vaults to mint USH; the protocol generates revenue through borrowing fees and liquidation penalties.
Who governs Hyperstable?
HyperStable is a pseudonymous team of early Hyperliquid ecosystem builders.
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