Hyperliquid Launches Native Stablecoin USDH

[cryptohog]

Decentralized exchange Hyperliquid has introduced USDH, its first native stablecoin, to power trading across its spot and derivatives markets.

Launched by Hyperliquid-based team Native Markets, USDH can be paired with HYPE — the platform’s governance token — and USDC. The team locked 200,000 HYPE for three years to anchor liquidity and governance alignment.

Backed by cash and short-term U.S. Treasuries, USDH uses oracle feeds for real-time reserve verification. A portion of reserve returns will fund HYPE buybacks, bolstering its token economy.

[Nahid Hossen]

USDH gives Hyperliquid its own stablecoin backbone, boosting both spot and derivatives markets.

[Rimon Khan]

Locking HYPE for three years shows real commitment to liquidity and governance stability.