Coinbase Takes On $5B USDC Treasury Role As Hyperliquid's USDH Winds Down
Coinbase will take over as the official USDC (USDC) treasury deployer on Hyperliquid (HYPE), retiring the network's own USDH stablecoin. Coinbase Steps In as AQA Deployer The announcement came Thursday from Coinbase and Native Markets, the team that built USDH less than a year ago. Under the deal,