Search results for USDH
Crypto
Coinbase to handle Hyperliquid USDC reserves, acquires USDH brand assets
Cryptocurrency exchange Coinbase will become the official deployer of reserves for the stablecoin USDC on the Hyperliquid network and has acquired the USDH brand assets from Native Market. The deal will reorganise Hyperliquid’s stablecoin liquidity around a single USDC token, making USDC the platform’s only aligned quote asset. USDH will be phased down, with holders able to swap to USDC or redeem for fiat during a transition period.
Crypto
Tether invests in Dreamcash parent as Hyperliquid expands RWA perpetual futures
Tether has invested in the parent company of Dreamcash, a Hyperliquid-based mobile interface, The Block reported on Feb. 13. The investment came shortly after Selini Capital, Dreamcash and Tether launched collateral-backed RWA perpetual futures using USDT0, an omnichain version of USDT. Dreamcash said on X that millions of USDT holders had no direct way to access Hyperliquid markets. Hyperliquid has used USDC as base collateral for perpetual futures and is preparing its own stablecoin, USDH.
Crypto
Hyperliquid plans prediction market expansion; HYPE token jumps
Decentralised derivatives trading platform Hyperliquid has announced plans to expand into prediction markets, Cointelegraph reported on Feb. 3. The plan took shape as HyperCore backed the HIP-4 proposal on Hyperliquid’s layer-1 network. The new feature would allow fully collateralised contracts to bet on markets such as political elections and sports. Hyperliquid said on X that it responds to strong user demand. The feature is being tested on a testnet and would settle in USDH after launch.