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Techub News reports that, according to Across, Hyperliquid has launched a native stablecoin USDH, which is pegged 1:1 to the US dollar, fully backed by U.S. Treasuries, cash, and cash equivalents. The reserves are managed by BlackRock and Superstate, and custody is held at JPMorgan Chase and Fireblocks. Previously, approximately 95% of the platform's stablecoin liquidity depended on USDC, resulting in an annual reserve loss of about $150 million to $220 million in yield. USDH was designed by Native Markets, issued via Bridge, and was validated through voter approval in September 2025. 100% of the reserve yield will be returned to the Hyperliquid ecosystem.