USDH Launch Boosts Hyperliquid Amid Competitive Market Pressure

Native Markets has staked and locked 200,000 $HYPE tokens for three years, making $USDH the first permissionless spot quote asset added to Hyperliquid. The $HYPE/$USDH trading pair is now live, enabling users to trade with a stable, backed asset. This addition strengthens Hyperliquid’s ecosystem and positions it as a key player in decentralized finance (DeFi).