Hyper Foundation allocates $10m in grants to support USDH migration

cryptonews18:05

Hyper Foundation will allocate about $10 million in grants to help builders affected by the USDH sunset. The funding is meant to cover migration and wind-down costs as the Hyperliquid ecosystem moves ...

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The funding is meant to cover migration and wind-down costs as the Hyperliquid ecosystem moves ...</p>\n\n<a href=\"https://crypto.news/hyper-foundation-allocates-10m-in-grants-to-support-usdh-migration/\">Source Link</a>\n\n</div>\n","source":"crypto_news_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hyper Foundation allocates $10m in grants to support USDH migration</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHyper Foundation allocates $10m in grants to support USDH migration\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-06-29 18:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/hyper-foundation-allocates-10m-in-grants-to-support-usdh-migration/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hyper Foundation will allocate about $10 million in grants to help builders affected by the USDH sunset. The funding is meant to cover migration and wind-down costs as the Hyperliquid ecosystem moves ...</p>\n\n<a href=\"https://crypto.news/hyper-foundation-allocates-10m-in-grants-to-support-usdh-migration/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1791807156.HKD","symbol_name":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","start_time":0,"source_url":"https://crypto.news/hyper-foundation-allocates-10m-in-grants-to-support-usdh-migration/","article_id":"2647781373","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/hyper-foundation-allocates-10m-in-grants-to-support-usdh-migration/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2647781373","pubTimestamp":1782727524,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Hyper Foundation will allocate about $10 million in grants to help builders affected by the USDH sunset. The funding is meant to cover migration and wind-down costs as the Hyperliquid ecosystem moves more trading activity toward USDC.Hyper Foundation will fund builders affected by the USDH sunset with about $10m in grants.Eligible teams include HIP-1, HIP-3, HyperEVM protocols, bridges and Native Markets.The grant plan supports a wider move from USDH markets toward deeper USDC liquidity.“Hyper Foundation announced approximately $10 million in grants to help builders affected by the USDH sunset, covering migration and wind-down costs,” Wu Blockchain said. The post said eligible recipients include HIP-1 and HIP-3 deployers, HyperEVM protocols, USDH bridges and Native Markets.Hyper Foundation Allocates $10M in Grants to Support USDH Migration  Hyper Foundation announced approximately $10 million in grants to help builders affected by the USDH sunset, covering migration and wind-down costs","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","BK4585":"ETF&股票定投概念","LU1861217088.USD":"贝莱德金融科技A2","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","COII":"REX COIN Growth& Income ETF","COIO":"2倍上限加速COIN ETF-Leverage Shares","CRCA":"Proshares Ultra CRCL","LU1861558580.USD":"日兴方舟颠覆性创新基金B","CCUP":"T-REX 2x Long CRCL Daily Target ETF","BK4516":"特朗普概念","CRCD":"T-REX 2X Inverse CRCLDaily Target ETF","BK4535":"淡马锡持仓","BK4596":"哈里斯概念","CRCG":"2倍做多CRCL ETF-Leverage Shares","CRCL":"Circle Internet Corp.","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","CRCO":"YIELDMAX CRCL OPTION INCOME STRATEGY ETF","BK4600":"加密货币概念","BK4588":"碎股","COIN":"Coinbase Global, Inc.","FMI":"Foundation Medicine Inc.","ICRC":"Bitwise CRCL Option Income Strategy ETF","LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","BK4112":"金融交易所和数据","LU0106831901.USD":"贝莱德世界金融基金A2","BK4595":"比特币概念","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","FIAT":"做空COIN期权收益策略ETF-YieldMax","CONI":"2倍做空COIN ETF-GraniteShares","BK4551":"寇图资本持仓","COYY":"GRANITESHARES YIELDBOOST COIN ETF","CONL":"2倍做多COIN ETF-GraniteShares","BK4539":"次新股","BK4023":"应用软件","COIA":"ProShares Ultra Coin ETF","BK4554":"元宇宙及AR概念","CONX":"Direxion Daily COIN Bull 2X ETF","COIW":"COIN周配息ETF-Roundhill","COIG":"2倍做多COIN ETF- Leverage Shares","CONY":"COIN期权收益策略ETF-YieldMax","ICOI":"Bitwise COIN Option Income Strategy ETF"},"translate_title":"Hyper基金会拨款1000万美元支持USDH迁移","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/da79954176d5f11722ff3819ffb947c3","symbols_score_info":{"CRCD":0.6,"CONL":0.6,"COIG":0.6,"CRCA":0.6,"ICOI":0.6,"FIAT":0.6,"CONY":0.6,"CCUP":0.6,"CONX":0.6,"CRCO":0.6,"COII":0.6,"COIO":0.6,"COIW":0.6,"FMI":1.5,"CRCG":0.6,"ICRC":0.6,"COIA":0.6,"CONI":0.6,"COYY":0.6,"COIN":1.81,"CRCL":1.77},"content_text":"Hyper Foundation will allocate about $10 million in grants to help builders affected by the USDH sunset. The funding is meant to cover migration and wind-down costs as the Hyperliquid ecosystem moves more trading activity toward USDC.\n\n\nSummary\n\n\n\nHyper Foundation will fund builders affected by the USDH sunset with about $10m in grants.\nEligible teams include HIP-1, HIP-3, HyperEVM protocols, bridges and Native Markets.\nThe grant plan supports a wider move from USDH markets toward deeper USDC liquidity.\n\n\n\n“Hyper Foundation announced approximately $10 million in grants to help builders affected by the USDH sunset, covering migration and wind-down costs,” Wu Blockchain said. The post said eligible recipients include HIP-1 and HIP-3 deployers, HyperEVM protocols, USDH bridges and Native Markets.\n\nHyper Foundation Allocates $10M in Grants to Support USDH Migration  Hyper Foundation announced approximately $10 million in grants to help builders affected by the USDH sunset, covering migration and wind-down costs. Grants will be distributed to eligible HIP-1 and HIP-3… pic.twitter.com/Hwy7ZNwswz— Wu Blockchain (@WuBlockchain) June 28, 2026\n\nThe grants come with a clear deadline. Recipients must complete migrations or orderly shutdowns by the end of July. The plan gives affected builders a limited period to update markets, move liquidity, adjust bridges or close USDH-related services.\nEligible builders face July deadline\nHIP-1 deployers relate to spot market deployments, while HIP-3 deployers relate to perpetual market deployments. Both groups may need support because USDH served as a quote asset or liquidity route for some products. HyperEVM protocols and USDH bridge operators may also face direct technical changes.\nNative Markets is also listed among eligible grant recipients. The firm won the validator vote to issue USDH in September 2025, beating larger bidders such as Paxos, Frax and Ethena. Its plan aimed to return reserve yield to the ecosystem through HYPE buybacks and ecosystem support.\nThe migration affects users as well as builders. Users holding USDH may need to convert balances, close positions or follow protocol-level migration steps. The officialUSDH migration page says the dashboard supports USDH to USDC and u.s. dollar fiat conversions until July 17, while the USDH/USDC spot order book will remain available.\nUSDC becomes the main stablecoin route\nThe grant program follows Hyperliquid’s wider move toward USDC. Coinbase became the official USDC treasury deployer on Hyperliquid in May, strengtheningUSDC as the aligned quote asset across the ecosystem. The deal also gave Coinbase the right to purchase USDH brand assets from Native Markets.\n“USDH remains fully backed and maintained, with feeless conversions into USDC and fiat for onboarded customers available on dashboard.usdh.com,” Native Markets said. The statement means users still have conversion routes while USDH markets move through the transition.\nhttps://twitter.com/nativemarkets/article/2054894518055448628\nThe shift marks a change from the original USDH strategy. USDH launched to reduce reliance on outside stablecoin issuers and keep more reserve yield inside Hyperliquid. However, two stablecoin systems can split liquidity and add friction for traders. A move back toward USDC may simplify markets and reduce conversion steps.\nMigration plan follows earlier stablecoin race\nThe USDH sunset follows a competitive stablecoin race that drew wide attention across DeFi. Hyperliquid validators voted on the USDH ticker after proposals from Native Markets, Paxos, Frax, Agora and other teams.USDH later launched in a USDH/USDC pair and recorded more than $2 million in early trading.\nThe new grant plan now focuses on cleanup rather than expansion. Builders may need to change collateral settings, update front ends, move liquidity, close markets or support users during withdrawals. The July deadline gives the ecosystem a short window to finish those steps.\nFor Hyperliquid, the grants may reduce the risk of unfinished integrations and stranded liquidity. They also give builders a financial reason to complete the transition on time. The move shows how stablecoin strategy can change quickly when trading venues balance liquidity depth, user experience and reserve-yield economics.\n\n\n\n\n\n                Read more:\n            \n\n                Schwartz proposes XRPL fix as front-running fears return","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.44.0","shortVersion":"4.44.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2647781373","isCrawlerRequest":true}