TechFlow news, September 24 — According to The Block, Native Markets' stablecoin USDH has officially launched trading on Hyperliquid, with the USDH/USDC trading pair now available.
USDH is the first dollar-pegged token issued through Hyperliquid's validator voting selection process, natively issued on HyperEVM and bridged into the Hyperliquid ecosystem. Native Markets previously won the vote against proposals from Paxos, Frax, Agora, and others.
The USDH reserves are fully backed by cash and short-term U.S. Treasury securities, managed through a hybrid off-chain management and on-chain attestation model, with transparency provided via oracles. The issuer plans to use a portion of reserve earnings for HYPE token buybacks.
Add to Favorites
Share to Social Media
