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TechFlow reports that on March 15, Native Markets—the issuer of Hyperliquid’s native stablecoin USDH—will launch tokenized margin pmUSDH. After users deposit USDH into a portfolio margin account, the protocol converts that position into an ERC-20-formatted pmUSDH token. This tokenized asset also earns interest income paid by borrowers and can be used across DeFi protocols including Felix, Hyperlend, Pendle, and Rysk.
Native Markets, the issuer of Hyperliquid’s native stablecoin USDH, will launch tokenized portfolio margin—pmUSDH. After users deposit USDH into a portfolio margin account, the protocol converts that position into an ERC-20 token—pmUSDH—which continues to earn interest paid by borrowers. Additionally, pmUSDH can be used across DeFi protocols including Felix, Hyperlend, Pendle, and Rysk.
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