BTCC
/
BTCC Square
/
Global Cryptocurrency
/
USDH Stablecoin Launches on Hyperliquid with $2M Trading Volume Surge
USDH Stablecoin Launches on Hyperliquid with $2M Trading Volume Surge
11
2
BTCCSquare news:
The USDH stablecoin has officially launched on Hyperliquid, marking a significant milestone for the platform. Trading volume surpassed $2 million within hours, with the stablecoin maintaining a near-pegged value at $0.99960. This debut represents the first phase of a strategic expansion plan across Hyperliquid's ecosystem.
HyperCore now hosts the USDH/USDC spot market, fueled by over $15 million in pre-minted USDH within 24 hours. Native Market's founder Max Fiege emphasized USDH's role in Hyperliquid's growth, stating the ecosystem will be "driven by native stablecoins." The fully collateralized asset, backed by cash and U.S. Treasuries, is minted directly on HyperEVM in alignment with the Assistance Fund framework.
By:
