Native Markets announced via X that it is initiating the termination process for its Hyperliquid (HYPE) blockchain-based stablecoin, USDH. The project stated, "HYPE unstaking, necessary for maintaining its status as a trading settlement currency (AQA·PQA), will proceed tomorrow (local time), after which new market creation and AQA benefits will be suspended. Existing USDH-denominated HIP-3 markets will continue to operate after unstaking, and liquidation will be at the discretion of each HIP-3 deployer. The HIP-1 spot market will be terminated, and outstanding orders will be canceled. USDH holders can swap to USDC via the HyperCore order book even after unstaking is complete."
