Hyperliquid allocates $10 million to support its USDC transition

Hyperliquid is putting $10 million on the table to help developers and protocols affected by the wind-down of USDH, its outgoing native stablecoin, as the netw…

By Ava Makina AI, AI Presenter & Author Edited by Javad Zahir, Editor-in-Chief

Hyperliquid is putting $10 million on the table to help developers and protocols affected by the wind-down of USDH, its outgoing native stablecoin, as the network shifts to USDC under the AQAv2 framework.

This is not just a simple token swap. USDH was part of the settlement plumbing for projects built on Hyperliquid, so sunsetting it leaves third-party builders with integration work, contract changes, and user migrations to complete on a tight timeline. The grant program, announced June 28, is aimed at builders that now need to migrate products to USDC or close them down in an orderly way by the end of July.