It’s official: Hyperliquid has chosen Native Markets as the issuer of its stablecoin USDH. As reported by Cointelegraph, after the community vote, controlled tests on USDH operations with initial limits have started. In parallel, the deployment of the ERC-20 token on Ethereum is being prepared. The decision has sparked a debate on the transparency of the voting process.
During our editorial analyses, we monitored on‑chain conversations and comments from liquidity provisioning operators to assess the immediate impact on order books. Industry analysts we consulted indicate that the initial phase will be characterized by contained and controlled liquidity, designed to limit risk during testing. According to publicly available data and reports from market makers, the operational limit indicated for the test is $800 per transaction, with restricted access via whitelist.
From the “auction war” to the outcome: how Native Markets became the issuer of the stablecoin USDH
We współpracy z: https://en.cryptonomist.ch/2025/09/15/hyperliquid-chooses-native-markets-for-the-usdh-stablecoin-pre-launch-testing-begins/
