HyperLend will gradually stop the USDH lending service process

The lending protocol HyperLend on HyperEVM tweeted that it will gradually stop the USDH lending service process. Within 48 hours, users will not be able to continue providing or borrowing USDH on HyperLend. Meanwhile, the team encourages users to actively repay any USDH loans they hold.

Previously, it was reported that Coinbase has become the official USDC fund deployment agency for Hyperliquid, and USDH will gradually exit the market over time. As part of this collaboration, Native Markets has agreed to grant Coinbase the right to purchase USDH brand assets. In the coming months, users will continue to exchange USDH for USDC or fiat currency through the USDH dashboard of Native Markets without any fees.