TechFlow news: On May 15, HyperLend announced officially that, following USDH’s prior announcement of its phased shutdown on Hyperliquid, the platform has decided to begin winding down USDH lending and borrowing activities on HyperLend. Within the next 48 hours, users will no longer be able to supply or borrow USDH on HyperLend, and the relevant market will be gradually shut down. HyperLend also urges users to proactively repay their outstanding USDH loans. Additionally, HyperLend stated that Native Markets has been an active participant in the Hyperliquid ecosystem.
Earlier reports indicated that Coinbase has become Hyperliquid’s official USDC capital deployment partner, while USDH will gradually exit the market over time. As part of this collaboration, Native Markets has agreed to grant Coinbase the right to acquire USDH brand assets. Over the coming months, users will continue to exchange USDH for USDC or fiat currency—free of charge—via Native Markets’ USDH dashboard.
