Native Markets：USDH 官网兑换入口已停运，未来数月将由 Bridge 提供赎兑服务
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Hyperion DeFi terminates approximately $29 million worth of HYPE agreements with Felix and Native Markets.
PANews reported on June 8th that, according to Crypto Briefing, Hyperion DeFi, the first publicly listed Hyperliquid treasury company, is dissolving two agreements totaling approximately $28.7 million, involving about 800,000 HYPE tokens, representing about 40% of its total holdings. This is because the stablecoin USDH supporting these transactions has essentially ceased operations. The larger agreement was with the Felix Foundation for 500,000 HYPE tokens, valued at $18.3 million as of March 31st. This agreement supported USDH-denominated trading activities in the HIP-3 perpetual contract market. The second agreement was with Native Markets for 300,000 HYPE tokens, valued at $10.4 million on the same day, aimed at broader support for the USDH economy.
Alibaba Cloud announces pricing for its AI-native database service product, Databridge Agent.
According to Mars Finance, Alibaba Cloud's official website shows that its AI-native database service product, Databridge Agent, will officially switch to commercial billing on August 1, 2026.
The Hyper Foundation has allocated approximately $10 million to support USDH's exit and migration, covering HIP-1/3 and HyperEVM ecosystem projects.
PANews reported on June 28th that the Hyper Foundation announced it will provide approximately $10 million in grants to developers affected by the USDH decommissioning process. These grants will cover migration costs and support a smooth ecosystem transition. The funds will be distributed to affected ecosystem participants, including HIP-1 spot deployers, HIP-3 perpetual contract deployers, the HyperEVM protocol, the USDH:USDC cross-chain bridge, and Native Markets. Migration grants are for teams migrating USDH-related markets or deployments to USDC; decommissioning grants are for projects choosing to terminate their USDH-related businesses, with amounts lower than equivalent migration options, to encourage a smooth ecosystem transition. HIP-1 and HIP-3 grants are calculated based on auction deployment costs, while HyperEVM grants are assessed based on the impact on USDH TVL.
Hyperliquid: We recommend that users immediately exchange USDH for USDC.
According to Mars Finance, on June 24th, Hyperliquid officially announced that USDH is about to be phased out, and users are advised to immediately exchange USDH for USDC. With Coinbase becoming the official USDC treasury deployer on Hyperliquid, the platform will shift to using USDC as its primary stablecoin and collateral, and USDH will be gradually withdrawn from circulation. USDH is currently still tradable and fully supported. During the transition period, users can exchange USDH for USDC or fiat currency for free through the USDH Dashboard on Native Markets. The platform will also coordinate with relevant HIP deployers to complete the migration and ensure a safe and smooth transition for user assets.
Circle announced that native USDC, EURC, and CCTP will soon be available on the Cronos blockchain.
According to Mars Finance, Circle officially announced that native USDC, EURC, and CCTP (Cross-Chain Transfer Protocol) will soon be launched on the Cronos chain. Cronos is reportedly an EVM-compatible Layer-1 blockchain supported by [unclear - likely a blockchain name or code]. Currently, Cronos runs a bridged version of USDC (USDC.e). Circle and the Cronos team plan to gradually migrate liquidity to native USDC. The existing bridged version of USDC will remain unaffected and continue to operate normally. Furthermore, native USDC will also be used for deposits and settlements on the Cronos App, allowing users to trade assets such as stocks, cryptocurrencies, and prediction markets through the platform.
USDT will return to the Bitcoin network; UTEXO will natively issue a Bitcoin version of USDT via the RGB protocol.
According to Mars Finance, on July 7th, Tether is preparing to natively issue USDT on the Bitcoin network based on the RGB v0.11.1 protocol, with UTEXO responsible for commercial issuance and distribution. This will mark USDT's return to the Bitcoin mainnet after many years, since its initial appearance on the Bitcoin network in 2014 via the Omni protocol. UTEXO co-founder Viktor Ihnatiuk stated that the company has received support from Tether, which is responsible for promoting the native Bitcoin USDT rollout. The RGB protocol employs client-side validation combined with the Lightning Network, enabling instant, low-cost, and privacy-focused USDT transactions while inheriting the Bitcoin UTXO security model. Users will be able to hold USDT directly through their native Bitcoin addresses and send and receive payments using Lightning Network wallets that support RGB, without relying on other public chains or intermediary service providers. Compared to the current account-based networks like TRON and Ethereum, where USDT is primarily circulated, RGB naturally supports one-time addresses using the UTXO model and combines this with off-chain payments via the Lightning Network, effectively enhancing transaction privacy. Meanwhile, UTEXO is deeply integrated with Tether, reducing intermediary fees and data collection. Users can also convert USDT between different public chains at low cost through its online cross-chain bridge.