Coinbase is becoming an AQA deployer—this means they are taking on the role of managing the USDC treasury within the Hyperliquid framework. Previously, this was handled by Native Markets via USDH.
- Coinbase gains the right to redeem the USDH brand.
- USDH is being shut down and converted into USDC without fees.
- USDC will become the sole primary stablecoin in Hyperliquid
Continue reading this article on source: coinbase.com