Native Markets Selected for USDH Stablecoin Issuance Bid, Will Release First Improvement Proposal

Foresight News reported, according to The Block, that Native Markets has been selected for the USDH stablecoin issuance bid. Founder Max Fiege stated that the project will release its first Hyperliquid Improvement Proposal (HIP) in the coming days and simultaneously launch an ERC-20 token based on Ethereum. Initially, it will enter a testing phase, with a single minting and redemption limit of $800, and will only be open to selected users. Subsequently, the USDH/USDC spot trading pair will be launched, and unlimited minting and redemption will be made available.