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May 14, 2026

Coinbase Becomes Official USDC Deployer on Hyperliquid, Acquires USDH Brand Assets

Coinbase announced it will take over as the official treasury deployer of USDC stablecoins on the Hyperliquid network, acquiring USDH brand assets as Native Markets transitions infrastructure toward USDC.

May 14, 2026·2 sources
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Top claims

  • ▪USDH has a market cap at approximately $101.75 million as of May 14, 2026.
  • ▪Hyperliquid has been adding new trading verticals including commodities and equities through the HIP-3 framework.
  • ▪Native Markets secured the right to deploy USDH through a community governance vote in September 2025.

Topics

Institutional crypto adoptionStablecoinsBlockchain interoperabilityCrypto infrastructurePaymentsDeFi

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