Coinbase has become Hyperliquid's official treasury deployer for USDC as an aligned quote asset (AQA), with USDH set to sunset over time.
As part of the transition, Native Markets, the operator of Hyperliquid's stablecoin USDH, agreed to grant Coinbase the right to purchase USDH brand assets, according to a statement shared with The Block.
USDC has been the leading stablecoin on Hyperliquid…