Per Woofun AI, Hyperliquid has disclosed that the gradual delisting of USDH is imminent, urging users to convert their holdings to USDC without delay. This strategic pivot coincides with Coinbase assuming the role of official USDC Treasury Deployer for the platform, marking a definitive shift toward USDC as the primary stablecoin and collateral asset.

During this transitional phase, USDH remains fully backed and available for standard trading operations. Users are directed to utilize the USDH Dashboard on Native Markets to execute free conversions into USDC or fiat currencies.

Concurrently, Hyperliquid is coordinating with relevant HIP Deployers to facilitate a secure and uninterrupted migration of user assets.