💸 Hyperliquid launched a stablecoin #USDH.

⊹ The Exchange has opened trading in the USDH/USDC pair, the issuer is Native Markets.

⊹ Reserves are fully backed by fiat and short-term U.S. government bonds.

⊹ Part of the proceeds from reserves will go to the buyback of #HYPE tokens from the open market.

@Сryptoz ₿