Coinbase becomes Hyperliquid’s official USDC treasury deployer as USDH sunsets

Coinbase has become Hyperliquid's official USDC treasury deployer, replacing USDH which is being sunset. Native Markets, the operator of Hyperliquid's USDH stablecoin, granted Coinbase the right to purchase USDH brand assets. This move marks a significant development in the relationship between Coinbase and Hyperliquid.