Native Markets

Reminder: Kinetiq Markets will be settling from June 10th to June 17th. Felix Markets will be settling from June 19th to June 20th. If you hold USDH from closed positions in these markets, you may convert to USDC 1:1 with no fees via Across Protocol: https://across.to/?from=hyperevm&to=hypercore&inputToken=USDH&outputToken=USDC https://x.com/nativemarkets/status/2065545882137674171?s=20

To support the USDH sunset process, users may now redeem USDH on HyperEVM 1:1 to USDC on HyperCore via @AcrossProtocol Please convert any remaining idle USDH you may have. Detailed conversion instructions are available at usdh.com/migration https://x.com/nativemarkets/status/2063015221921489029?s=20

The above changes are now in effect. Please convert any remaining HIP-1 USDH to USDC via the USDH/USDC HyperCore order book or USDH dashboard.

As part of the USDH sunset process, Native Markets will unstake the HYPE required for AQA + PQA status tomorrow. Existing USDH-denominated HIP-3 markets will continue to operate during and after the unstaking process. New markets will be unable to be created, and AQA benefits will no longer apply. Settlement of these markets will be at the discretion of each HIP-3 deployer. HIP-1 spot markets will be removed, and open orders will be cancelled. Users may continue to convert their USDH in the HyperCore USDH/USDC order book after the unstaking process has completed. https://x.com/nativemarkets/status/2059068720983769187?s=20

Reminder: USDH will be sunset over the coming weeks. Please convert your USDH to USDC. https://x.com/nativemarkets/status/2057928684150083623?s=20

A new era for Hyperliquid stablecoins: Thank you for using USDH. https://x.com/nativemarkets/status/2054894518055448628?s=20

USDH.com supports zero-fee, zero-slippage USDC → USDH conversion bridges from major chains: https://x.com/nativemarkets/status/2050515288270024838?s=20

The third-party attestation for USDH's 1:1 backing for March 2026 is now available. As a reminder, reserve attestations from an independent auditor are made available monthly. The March attestation is hosted on https://usdh.com/reserves

Native Markets is rolling out zero-fee + zero-slippage USD on- and offramps directly to Hyperliquid for users this week. The USDH dashboard is available to 180+ jurisdictions and currently supports 1:1 US Domestic bank/brokerage (ACH, FedWire) on- and offramps. This is in addition to global fee-free 1:1 USDC <> USDH conversions. European bank/brokerage offramps (SEPA + 30 bps FX) are also available, with expanded access forthcoming. If you’re interested in ramping directly to Hyperliquid, visit https://dashboard.usdh.com Announcement: https://x.com/nativemarkets/status/2041901395566030923?s=20

The third-party attestation for USDH's 1:1 backing for February 2026 is now available. As a reminder, reserve attestations from an independent auditor are made available monthly. The February attestation is hosted on http://usdh.com/transparency

Native Markets announced tokenized portfolio margin USDH (pmUSDH) which will enable users to utilize portfolio margin USDH deposits as collateral across DeFi applications. https://x.com/nativemarkets/status/2032903523264860423?s=46

The third-party attestation for USDH's 1:1 backing for January 2026 is now available. As a reminder, reserve attestations from an independent auditor are made available monthly. The January attestation is hosted on http://usdh.com/transparency

HPL/USDH spot is now available to trade on Hyperliquid. https://x.com/nativemarkets/status/2027026580891983899?s=20

Hyperliquid Labs has announced HIP-4: Outcome Trading. "Outcomes are a work in progress and currently only being tested on testnet. Canonical markets based on objective settlement sources will be deployed once technical development is complete. Canonical markets will be denominated in USDH." https://x.com/nativemarkets/status/2018330065189105935?s=20

The third-party attestation for USDH's 1:1 backing for December 2025 is now available. As a reminder, reserve attestations from an independent auditor are made available monthly. The December attestation is hosted on http://usdh.com/transparency

Stratium announces all products will be natively quoted in USDH, enabling reduced taker fees and increased maker rebates https://x.com/stratiumx/status/2016511620621705640?s=46

Hyperliquid portfolio margin pre-alpha now supports USDH. https://x.com/nativemarkets/status/2012978611880435924?s=20

USDH supplier incentives are now live on HyperLend https://x.com/hyperlendx/status/2010755197635793271?s=20

Markets is now live, with USDH as its margin asset: https://x.com/nativemarkets/status/2010712506550091982?s=20

The third-party attestation for USDH's 1:1 backing for November 2025 is now available. Reserve attestations from an independent auditor will continue to be shared monthly going forward. The November attestation is hosted on https://usdh.com/transparency