A major step forward for Hyperliquid's user experience! Stablecoin adoption moves from fragmentation to unification: USDH → USDC 🔥 The news caused a surge of up to 20%! What impact will this have on users? In the future, users of @HyperliquidX will no longer need to worry about whether to use USDH or USDC. @coinbase and @circle have jointly released a favorable plan to allow users to uniformly use USDC. The AQAv2 (Aligned Quoted Asset) mechanism has been launched. 👉 Coinbase will be responsible for treasury deployment/management. 👉 Circle will provide CCTP native cross-chain technology. Both Coinbase and Circle are launching this new mechanism through stake HYPE. USDH can still be used for now but will be gradually phased out of Hyperliquid. The team that launched USDH, @nativemarkets, has also agreed to provide Coinbase with the right to purchase USDH brand assets. In the future, Hyperliquid will fully switch to USDC as its quoted asset.

USDH is a stablecoin launched by the @nativemarkets team. They created the AQA mechanism to align USDH with Hyperliquid. Specifically, this involves a stake ($HYPE) that allows users of USDH to receive fee discounts during transactions. Simultaneously, the stablecoin's earnings (interest generated by the treasury) are directly shared with the Hyperliquid protocol. twitter.com/CryptoWesearch/sta...