The Rollup TV: Hyperliquid USDH stablecoin special: 1) 1:30p ET Nick_van_Eck - withAUSD, (2) 2:00p ET bhau___- paxoslabs, (3) 2:30p ET samkazemian - FraxFinance, (4) 3:00p ET David_Grid - FinalityCap, (5) 3:30p ET osf_rekt - rektdrinks.

Hyperliquid’s native stablecoin, USDH, became a major DeFi story in September 2025 when the exchange opened a competitive process for the ticker and issuer role, drawing proposals from firms including Paxos, Ethena, Sky, Frax, Agora, and Native Markets. Native Markets ultimately won the validator vote and secured the USDH ticker on September 14, 2025, making it the issuer of Hyperliquid’s dollar-pegged stablecoin.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• What Is USDH? Hyperliquid's Native Stablecoin Guide - Phemex (phemex.com)
• What Is USDH, Hyperliquid's New Stablecoin Issued by Native ... (bingx.com)
• Native Markets Selected as Issuer of Hyperliquid's Native Stablecoin ... (xangle.io)
• Hyperliquid Stablecoin Shift Puts USDC Back Again at the Center (bitcoinfoundation.org)
• USDH — Hyperliquid's Native Stablecoin (usdh.com)