HyperLiquid Announces a $10 Million Grant Following the Discontinuation of USDH

Consolidating to USDC, Phasing Out USDH

The Hype Foundation, which supports the decentralized derivatives exchange HyperLiquid (HYPE), announced on the 29th that it will provide a grant totaling about $10 million (approximately 1.6 billion yen) to developers affected by the discontinuation of the USD-denominated stablecoin USDH. This grant aims to cover transition costs and other related expenses.

The grant targets developers affected by the network standard HIP-1 spot market...