DeFiHyperliquid's USDH Shrinks to $20M as USDC Takes Over the Stablecoin Market
Hyperliquid's native stablecoin USDH has dropped to just $20 million as USDC now dominates over $5.7 billion of the platform's liquidity pool. The Hyperliquid Foundation allocated $10M in grants to support the migration.
June 29, 2026