The post Hyperliquid’s USDH Launch Expected In Coming Days As Native Markets Secures Bid appeared on BitcoinEthereumNews.com.

Hyperliquid’s USDH stablecoin is set to launch in the market in the coming days. This comes after Native Markets emerged as the winners of the stablecoin bid. Native Markets Secures USDH Stablecoin Mandate The Native Markets proposal to manage the USDH rollout has been accepted by HYPE stakers on Hyperliquid.  The win came despite claims that the firm may have benefited from the short proposal window and strong validator relationships. In a recent X post, Native Markets co-founder Max Fiege confirmed this development. He disclosed that the deployment of the USDH HIP-1 and related ERC-20 contract will precede the launch. This will be put into effect in the next few days. Before expanding to wider adoption, the team will start a controlled trial that permits transactions up to $800 per mint or redemption. During this initial phase, select traders will test the stablecoin’s infrastructure. This will include high-volume participants invited to stress-test the platform’s API. If the rollout is successful, a USDH/USDC spot order book will be added. Transaction caps will be lifted as a result. This would allow uncapped mints and redeemables. The team’s chances of winning were earlier predicted by Polymarket to be more than 90%.  This indicates that their bid was characterized by considerable confidence and momentum. Native Markets’ Strategic Design and Reserve Backing The firm’s proposal resonated with validators for its structured approach to reserves and yield-sharing. BlackRock will manage off-chain reserves in cash and U.S. Treasuries. Superstate, supported by Bridge and Stripe’s stablecoin system, will handle the tokenized reserves on the blockchain. Importantly, Native Markets has committed to splitting reserve earnings equally between ecosystem development and Hyperliquid’s Assistance Fund. This decision may help ensure its long-term success.  Additionally, seasoned experts with backgrounds at Uniswap Labs, Paradigm, and Polychain support the proposal. Confidence in the project…

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Filed under: News - @ September 15, 2025 6:25 am