{"id":89236,"date":"2025-09-24T17:59:06","date_gmt":"2025-09-24T14:59:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89236"},"modified":"2025-09-24T18:00:20","modified_gmt":"2025-09-24T15:00:20","slug":"hyperliquid-introduces-usdh-stablecoin-from-native-markets","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/hyperliquid-introduces-usdh-stablecoin-from-native-markets\/","title":{"rendered":"Hyperliquid Introduces USDH Stablecoin from Native Markets"},"content":{"rendered":"

Native Markets has launched the stablecoin<\/a> USDH on Hyperliquid. Trading has commenced on the platform with the USDH\/USDC pair, initially reaching a turnover of approximately $2.1 million.<\/p>\n

\"\u0421\u043d\u0438\u043c\u043e\u043a
Source: Hyperliquid<\/a>.<\/figcaption><\/figure>\n

USDH is the first “stablecoin” issued following a vote by Hyperliquid validators. The token operates on the HyperEVM network and is integrated into the exchange’s ecosystem.<\/p>\n

In early September, Native Markets won<\/a> a competition to launch a stablecoin. Its proposal surpassed those from Paxos, Frax, Agora, and other firms.<\/p>\n

The issuer stated that USDH is fully backed by cash and short-term U.S. Treasury bonds. Reserve transparency is ensured through oracles<\/a>. Part of the income from reserve management will be directed towards buying back HYPE tokens.<\/p>\n

The debut of USDH comes amid growth in the stablecoin segment. According to CoinGecko, its total market capitalization has exceeded $299 billion.<\/p>\n

\"\u0421\u043d\u0438\u043c\u043e\u043a
Source: CoinGecko<\/a>.<\/figcaption><\/figure>\n

Earlier in September, a blockchain researcher known as MLM reported<\/a> on test transactions of USDC in HyperEVM.<\/p>\n","protected":false},"excerpt":{"rendered":"

Native Markets has launched the stablecoin USDH on Hyperliquid. Trading has commenced with the USDH\/USDC pair, initially reaching a turnover of approximately $2.1 million.<\/p>\n","protected":false},"author":1,"featured_media":89237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Native Markets launched USDH stablecoin on Hyperliquid with $2.1M initial turnover.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[787,1823,807],"class_list":["post-89236","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-dex","tag-hyperliquid","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"374","promo_type":"1","layout_type":"1","short_excerpt":"Native Markets launched USDH stablecoin on Hyperliquid with $2.1M initial turnover.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=89236"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89236\/revisions"}],"predecessor-version":[{"id":89238,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/89236\/revisions\/89238"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/89237"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=89236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=89236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=89236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}