Hyperliquid portfolio margin pre-alpha now supports USDH.

https://x.com/nativemarkets/status/2012978611880435924?s=20

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

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

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

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

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

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 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 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 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

USDH.com supports zero-fee, zero-slippage USDC → USDH conversion bridges from major chains:

https://x.com/nativemarkets/status/2050515288270024838?s=20

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

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

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.

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

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

USDH borrows have been discontinued on portfolio margin.

Users are required to promptly withdraw lending deposits, repay borrows, and convert remaining USDH to USDC.

https://x.com/nativemarkets/status/2069825025855598682?s=20

Announcement from the Hyper Foundation regarding grants to USDH builders:

Hyper Foundation is providing approximately $10M in grants to builders impacted by the USDH sunset to help offset migration costs and recognize the work involved in an orderly transition.

The Foundation has contacted and is working directly with all eligible grant recipients. Grants are going to affected HIP-1 spot deployers, HIP-3 perp deployers, HyperEVM protocols, dedicated USDH:USDC bridges, and Native Markets. Migration grants go to teams that integrated USDH and are migrating their affected markets or deployments to USDC. Wind-down grants go to teams that integrated USDH and are winding down their USDH-dependent operations rather than migrating to a new asset. Wind-down grants are sized below what an equivalent migration would receive. Grant recipients commit to orderly migration and wind-down before the end of July.

HIP-1 and HIP-3 grants are based on auction deployment costs. HyperEVM grants are based on USDH TVL affected by the sunset.

If you hold USDH in a protocol that's migrating or winding down, follow any instructions from that protocol directly. Users can swap USDH on HyperCore for USDC on the spot order book (https://app.hyperliquid.xyz/trade/USDH/USDC) and swap USDH on HyperEVM for USDC 1:1 with no fees via Across (https://across.to/?from=hyperevm&to=hypercore&inputToken=USDH&outputToken=USDC-SPOT).

Lastly, thank you again to the builders who built real markets and products using USDH, the users who supported USDH’s growth and development, and Native Markets for their pioneering work launching a novel, protocol-aligned stablecoin. The migration has been smooth so far because teams and the community have been actively engaged and responsible.