POPA ReconCoinbase Becomes Hyperliquid’s Official USDC Treasury Deployer
Coinbase Becomes Hyperliquid’s Official USDC Treasury Deployer Coinbase has been appointed as Hyperliquid’s official treasury deployer for USDC, replacing USDH as the platform’s native stablecoin under the aligned quote asset framework. As part of the transition, Native Markets will wind down USDH and grant Coinbase rights to acquire the USDH brand assets. Users will be able to redeem USDH for USDC or fiat without fees during the migration period. Coinbase called the move the “deepest onchain deployment of a stablecoin” so far. Since launching its mainnet in November 2024, Hyperliquid has…
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