Native Markets has secured the USDH token code on Hyperliquid and plans to launch the USDH HIP-1 and its corresponding ERC-20 contract in the coming days. The initial phase will include a minting and redemption test with a limit of $800 per transaction. Following the test phase, the USDH/USDC spot order book will be opened, and unlimited minting and redemption will be enabled. Native Markets has previously stated that 50% of its stablecoin reserve income will be allocated to an aid fund, with the remaining 50% used to promote USDH adoption.
Native Markets to Launch USDH Token on Hyperliquid with Testing Phase
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