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Story summary
- Hyperliquid launched USDH to boost DEX liquidity amid Aster DEX competition.
- USDH is backed by cash and U.S. Treasuries, with half revenues pledged to Hyperliquid’s Assistance Fund.
- Stablecoin went live with $15 million pre-minted and is integrated into the HyperCore network.
- Aster DEX surpassed Hyperliquid in daily revenue, intensifying competition. Hyperliquid plans to deepen USDH integration with a quote asset.
