{"id":72553,"date":"2026-05-15T10:08:48","date_gmt":"2026-05-15T10:08:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/hype-jumps-17-after-hyperliquid-grants-coinbase-rights-to-usdh-assets\/"},"modified":"2026-05-15T10:08:48","modified_gmt":"2026-05-15T10:08:48","slug":"hype-jumps-17-after-hyperliquid-grants-coinbase-rights-to-usdh-assets","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/hype-jumps-17-after-hyperliquid-grants-coinbase-rights-to-usdh-assets\/","title":{"rendered":"HYPE Jumps 17% After Hyperliquid Grants Coinbase Rights to USDH Assets"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">HYPE surged 17% to $46.93 after Coinbase committed to staking the token to activate AQAv2 on the protocol.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Hyperliquid will replace USDH with USDC to consolidate liquidity and share yield revenue with the L1 network.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The Hyper Foundation is providing grants to HIP-3 and HIP-1 builders to support migration over the next few months.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>The Shift to USDC Integration<\/h2>\n<p>HYPE, the utility token of the <span>decentralized exchange<\/span> and layer 1 protocol Hyperliquid, surged to $46.93 on Friday, its highest point this year. The rally followed an <a href=\"https:\/\/news.bitcoin.com\/coinbase-wins-usdc-treasury-deployer-seat-on-hyperliquid-circle-handles-cross-chain-infrastructure\/\">announcement<\/a> by Coinbase that it will commit to <span>staking<\/span> HYPE to activate AQAv2. HYPE\u2019s sharp climb reversed a downward trend that had seen the token slide from around $44 on May 9 to just under $39 by May 14 morning.<\/p>\n<p>Although it had retreated to $45.68 at the time of writing (4:40 a.m. EDT), it was still up by more than 17% in 24 hours. The climb also saw HYPE\u2019s <span>market cap<\/span> rise to just over $10 billion, shy of the $11 billion mark. In a <a href=\"https:\/\/x.com\/HyperliquidX\/status\/2054895699498619143\" target=\"_blank\" rel=\"noopener noreferrer\">statement<\/a> on X explaining the Coinbase and Circle collaboration, Hyperliquid said Native Markets, which built the first network-integrated <span>stablecoin<\/span> for its protocol, has agreed to terms granting Coinbase the right to purchase the USDH brand assets. It added:<\/p>\n<p>\u201cWith Coinbase, in its role as treasury deployer, sharing the vast majority of reserve yield revenue with the protocol, USDC will become the most aligned <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> on Hyperliquid. As a result, canonical outcome (<a href=\"https:\/\/news.bitcoin.com\/hyperliquid-launches-hip-4-and-targets-polymarket-with-zero-fee-outcome-markets\/\">HIP-4<\/a>) markets will use USDC as the quote asset in a future network upgrade.\u201d<\/p>\n<p>Hyperliquid explained that part of the reason for the decision was feedback from users and builders suggesting that fragmentation was degrading the experience. It said that while the plan is to sunset USDH markets over time, they remain fully functional in the meantime. The <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> itself remains \u201cfully backed, with feeless conversions to USDC and fiat available to users during this transition.\u201d<\/p>\n<p>Furthermore, the Hyper Foundation will provide grants to eligible HIP-3 deployers, HIP-1 deployers, and builders who have integrated USDH, while supporting teams through the migration over the next few months.<\/p>\n<p>On social media, the reaction was largely positive. One user, Charlie.hl <a href=\"https:\/\/x.com\/0xBroze\/status\/2055085044562088069\" target=\"_blank\" rel=\"noopener noreferrer\">expressed<\/a> acceptance of the outcome, describing the move as a strategic alignment that consolidates <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-liquidity\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">liquidity<\/a>. While some other users hailed the shift as a major <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bullish<\/a> milestone for Hyperliquid\u2019s maturity, a few expressed surprise at the sudden pivot away from the native USDH asset.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/hype-jumps-17-after-hyperliquid-grants-coinbase-rights-to-usdh-assets\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways HYPE surged 17% to $46.93 after Coinbase committed to staking the token to activate AQAv2 on the protocol. Hyperliquid will replace USDH with USDC to consolidate liquidity and share yield revenue with the L1 network. The Hyper Foundation is providing grants to HIP-3 and HIP-1 builders [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":72554,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72553"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72553"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72553\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72554"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}