HyperLend to terminate USDH lending and deposit services

Hyperliquid's lending protocol, HyperLend, announced it will terminate lending and deposit services for its stablecoin, USDH. In 48 hours, users will no longer be able to make additional USDH deposits or take out new loans. The protocol plans to phase out the related market thereafter. Users are required to close their existing USDH loan positions in advance.