Native Markets To Test USDH Stablecoin Within Days After Winning Hyperliquid Vote
Native Markets will test Hyperliquid’s USDH stablecoin within days after a community vote chose it over rivals including Paxos and Frax. “We will be deploying both the USDH HIP-1 and corresponding ERC-20 within days,” said founder Max Fiege in a post on X . We will be deploying both the USDH HIP-1 and corresponding ERC-20 within days. We will then start with a testing phase for mints and redeems of up to $800/tx with an initial group, to be followed by the opening of the USDH/USDC spot order book as well as uncapped mints &… — max.hl (@fiege_max) September 14, 2025 The win came after Ethena withdrew from the contest last week, giving Native Markets a clear path to selection. After initial deployment in the coming days, Native Markets will kick off the testing phase for mints and redeems for the USDH stablecoin. Feige said that the dollar amounts per transaction will initially be capped at $800, and this testing phase will only include “a...