Hyperliquid Stablecoin USDHL himself, developed by Native Markets, debuted Wednesday, generating more than $ 2 million in early volume.
At the time of writing, the USDH/USDC torque is traded by 1,001, with a total negotiation volume of 2,244,932.79 USDC.
Last week, the Hyperlichid Validation Community selected the native markets to receive the USDH ticket after a long offers war that saw proposals for Paxos, Ethena, Frax and others.
The Pigciation Stablecoin in Dollar is native to HYPEVM and is backed by cash and the United States Treasury values ​​in the short term. The stablecoin will help reduce the dependence of the hyperlichid in the external stable, such as the USDC issued by the circle, which represents more than 90% of the deposits on the platform.
Having a stablcoin of your own harvest will help the platform to retain liquidity and performance generated from reserves within its own ecosystem. The USDH is designed to channel the yield generated by its reserves in the ecosystem through a 50-50 division, so that half of the income of USDH reserve income is destined to finance exaggeration repurchases and the other half supports the ecosystem growth initiatives.
Hyperliquid is the decentralized exchange of the perpetual leaders in the world chain, which controls more than 35% of the global activity. However, its market share has retreated 70% at a time in May.
