USDH stablecoin has been launched on the Hyperliquid platform
2025-09-24 11:41:55
The USDH stablecoin issued by Native Markets has been launched on the Hyperliquid platform, and the USDH/USDC trading pair is currently open for trading. USDH is the first dollar-pegged token issued based on the Hyperliquid validator running the selection process. It is a stablecoin issued natively on HyperEVM and can be circulated across the Hyperliquid ecosystem. Native Markets won the bidding earlier this month, defeating proposals from several companies including Paxos, Frax, Agora, etc. The plan calls for a phased rollout and the launch of the first USDH/USDC cash market "within days" after the vote is passed.
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