Native Markets won the bid and has been granted approval to use the USDH ticker on Hyperliquid.

BlockBeats News, September 15th, Native Markets has won the Hyperliquid stablecoin USDH auction and has been granted the alias to use USDH on Hyperliquid. A member of the Native Markets team stated, "We will deploy the USDH HIP-1 and the corresponding ERC-20 within a few days."

Subsequently, there will be a testing phase: the initial group will be able to test minting and redeeming up to a maximum of $800 per transaction. Following this, the USDH/USDC spot order book will be opened, along with unrestricted minting and redemption.