Coinbase becomes the official USDC treasury deployer for Hyperliquid

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Golden Finance reports that on June 9th, according to Hyperliquid Hub, Coinbase has become the official treasury deployer for Hyperliquid's USDC vault. Coinbase will support Hyperliquid's USDC vault wallet. Meanwhile, the existing USDH market, although still operational, will gradually shut down over time (sunset).
During the transition period, USDH remains fully collateralized, and users can exchange it for USDC with zero fees through the Native Markets platform or redeem for fiat currency. Additionally, Coinbase has also confirmed that it has significantly increased its staked position in HYPE.
HYPE1.66%
USDC-0.01%
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