Native Markets

HPL/USDH spot is now available to trade on Hyperliquid. https://x.com/nativemarkets/status/2027026580891983899?s=20

Hyperliquid Labs has announced HIP-4: Outcome Trading.

"Outcomes are a work in progress and currently only being tested on testnet. Canonical markets based on objective settlement sources will be deployed once technical development is complete. Canonical markets will be denominated in USDH."

https://x.com/nativemarkets/status/2018330065189105935?s=20

The third-party attestation for USDH's 1:1 backing for December 2025 is now available. As a reminder, reserve attestations from an independent auditor are made available monthly.

The December attestation is hosted on http://usdh.com/transparency

Stratium announces all products will be natively quoted in USDH, enabling reduced taker fees and increased maker rebates

https://x.com/stratiumx/status/2016511620621705640?s=46

Hyperliquid portfolio margin pre-alpha now supports USDH.

https://x.com/nativemarkets/status/2012978611880435924?s=20

USDH supplier incentives are now live on HyperLend https://x.com/hyperlendx/status/2010755197635793271?s=20

Markets is now live, with USDH as its margin asset: https://x.com/nativemarkets/status/2010712506550091982?s=20

The third-party attestation for USDH's 1:1 backing for November 2025 is now available. Reserve attestations from an independent auditor will continue to be shared monthly going forward.

The November attestation is hosted on https://usdh.com/transparency

Users may now bridge up to 1 million $USDC for $USDH per transaction with zero slippage via Across.
https://x.com/nativemarkets/status/2000657158267085111?s=46

Rysk Finance has integrated USDH. https://x.com/fiege_max/status/1996584499518570549?s=20

USDH will be the margin asset of Kinetiq's HIP-3 exchange, Markets. https://x.com/nativemarkets/status/1996204063592206844?s=20

USDH has achieved an ATH circulating supply of ~$56M. https://usdhstats.com/

For the first time, USDH is the third-highest 24h volume spot asset on HyperCore. https://x.com/nativemarkets/status/1994027250505638184?s=20

As of 13:10 UTC, Native Markets has upgraded USDH to qualify as an Aligned Quote Asset.

Now, when trading on markets quoted in USDH:

Takers enjoy 20% lower fees
Makers earn +50% rebates
Traders earn +20% volume contribution toward fee tiers

https://x.com/nativemarkets/status/1992228360618205471?s=20

Native Markets has staked an additional 800K HYPE to qualify USDH as an Aligned Quote Asset, which unlocks execution savings for users.

https://x.com/nativemarkets/status/1991928480603463807?s=20

Kinetiq has deployed the first third-party spot USDH order book.
https://x.com/fiege_max/status/1989337812018303404?s=20

Ventuals has selected USDH as the margin asset for its HIP-3 exchange. https://x.com/nativemarkets/status/1989026489262538909?s=20

Felix Protocol has selected USDH as the margin asset for its HIP-3 exchange.
https://x.com/nativemarkets/status/1988994234695717255?s=20

Native Markets has staked and locked 200k HYPE for 3 years, making USDH the first permissionless spot quote asset to be added on HyperliquidX.

HYPE / USDH is now live for trading.

https://x.com/nativemarkets/status/1971881607423578266

The USDH / USDC spot order book is now live on HyperCore.

HyperCore: ID 360
HyperEVM: 0x111111a1a0667d36bD57c0A9f569b98057111111

We appreciate all of you who have onboarded with Native Markets for USDH minting and redeeming so far. Please feel free to reach out to us if you’d like to kick off your entity’s onboarding.

We’ll continue to share updates on Native Markets and USDH here going forward.