The Hyper Foundation has announced that voting for the issuance rights of its native stablecoin, USDH, will commence on September 14 at 6:00 PM Beijing Time. The voting process will be conducted on-chain and is based on staking. Participants must ensure their staked HYPE tokens are aligned with a validator that matches their voting preferences by the start of the voting period. To change validators, participants must first unstake from their current validator and then stake with a new one, followed by a one-day cooldown period before they can unstake again. It is crucial not to transfer HYPE from the staked balance to the spot balance, as this will disqualify them from voting. The voting outcome will be determined by the staked volume, and a quorum of two-thirds is required for designated addresses to bid in the spot deployment gas auction. The Foundation's validators will abstain from voting, deferring to the non-Foundation team with the most votes as of September 11, weighted by stake amount on September 14.