USDH Goes Live on Felix Vanilla: DeFi Drama and 1:1 Backing!

In the pale glare of morning markets, Hyperliquid’s USDH wakes up on Felix Vanilla, a lending stage where coins learn to speak in straight lines and yield. The stablecoin, tethered 1:1 to cash and U.S. Treasury echoes, steps into the stream to lead, lend, and harvest a patient yield within the Hyperliquid forest.

A whisper from Felix Vanilla notes that you can gather USDH from the Hyperliquid spot orderbook, forge it in Native Markets, or open the door to lending and borrowing at once on Felix Vanilla. “It’s time to go native,” the chorus seemed to murmur, with the grin of a wink.

It’s time to go Native: USDH is now live as a borrow/lend asset on Felix Vanilla

USDH is the Hyperliquid-native stablecoin deployed by@nativemarkets. USDH is issued on Bridge @Stablecoin rails and backed by cash and U.S. treasury equivalents

Users can acquire USDH from the…

– Felix (@felixprotocol) October 6, 2025

USDH, born of Native Markets, keeps its promise with cash and U.S. Treasury equivalents, a quiet 1:1 peg to the dollar. At this moment, the ledger glows with a market cap north of $25 million, as CoinMarketCap will attest with a polite nod.

The dramatic launch of USDH

Its birth followed a contest, a chorus of nineteen proposers stitching futures and rails into one coin’s new skin-Paxos, Frax, Agora, OpenEden, Ethena Labs and others. After days of buzzing, Native Markets rose, carrying nearly seven tenths of validator voices. And thus USDH stepped onto the Bridge rails, transparent as a glass river, backed by cash and U.S. Treasuries, a badge of assurance.

Hyperliquid Strengthens Its DeFi Position

Hyperliquid has carved a place in DeFi’s winter garden this year-not by shouting, but by speed, governance by validators, and a flood of liquidity. As a leading decentralized perpetual-exchange, it commands a sizable breath of the market, with more than 75% of the decentralized perpetual futures market and over $5.6 billion in stablecoin liquidity. 😎💧

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2025-10-06 21:35