While the much hyped voting for USDH issuers’ proposal is on September 14, Native Markets seems to be a potential winner among all proposers. As Native Markets was already at the forefront of this race, it is now backed by The Nansen x HypurrCollective validator, which controls a majority of total votes, representing 18.45%.
In a recent X post, HypurrCollective, they are officially backing Native Markets to receive the canonical USDH ticker.
“This decision was shaped by the ecosystem participants, stakers and HypurrCo community,” HypurrCollective said, adding, “As early contributors to the ecosystem and community, we have also been continuously impressed by Feige Max contribution to Hyperliquid. Max has assembled an all-star team, including Mclader (former President and COO of Uniswap Labs) and Anish Agnihotri.”
The USDH tracker website shows that from a total of 19 Validators, 17 of them have cast their votes so far and nine validators have given Native Markets a total of 73% of the votes. Additionally, HyperCollective’s poll on their X page indicated 57% of the votes for Native Markets.
The official voting for USDH Issuer ends on September 14, 2025. As per the USDH tracker, Native Markets is followed by Paxos Labs and Ethena.
Also Read: Sky (MakerDAO) Joins Hyperliquid’s USDH Stablecoin Issuance Race
