Coinbase Becomes Official USDC Treasury Deployer on Hyperliquid
Coinbase plans to expand USDC adoption on Hyperliquid while Native Markets gradually "sunsets" USDH.
The Defiant·
Native Markets won a competitive governance vote in September to issue USDH on Hyperliquid, beating Paxos and others by arguing ecosystem alignment over financial terms. Eight months and $100 million in supply later, it is selling its brand assets to Coinbase as USDC becomes the protocol's canonical quote asset.
Read full articleCoinbase plans to expand USDC adoption on Hyperliquid while Native Markets gradually "sunsets" USDH.
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