TechFlow News: On May 14, according to Coinbase’s official blog, Coinbase announced it has become the official Automated Quoting Agent (AQA) for USDC on Hyperliquid, further cementing USDC’s position as the preferred stablecoin for on-chain capital markets. The total USDC supply on Hyperliquid has now reached approximately $5 billion, representing a 200% year-on-year increase. Meanwhile, Native Markets has agreed to sell the USDH brand assets to Coinbase, and the USDH market will gradually wind down. During the transition period, users can freely exchange USDH for USDC or fiat currency via the USDH Dashboard; Native Markets will continue to provide support for these operations.
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