USDC Replaces USDH on Hyperliquid as Coinbase Takes Lead Treasury Role
Key Takeaways Coinbase becomes the USDC treasury deployer on Hyperliquid, putting it at the center of stablecoin flows as platform activity scales. Hyperliquid is phasing out USDH and fully transitioning to USDC for trading and settlement, with easy conversion to cash or USDC. Platforms are choosing USDC over native stablecoins for stronger trust, deeper liquidity,...
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