USDH lists on Hyperliquid with initial trading volume of $2.2M

The stablecoin USDH has been listed on Hyperliquid and has begun trading via a USDH/USDC pair, reaching an initial trading volume of $2.2 million, The Block reported. The listing follows a selection process by Hyperliquid to choose an issuer for the token. Native Markets won the issuance rights over other participants, including Paxos, Agora, and Sky.