Native Markets has officially secured the USDH ticker designation following a successful governance vote on the Hyperliquid platform. The decision comes after Ethena, the previous holder, withdrew its claim to the ticker, paving the way for Native Markets to assume control. Validators on the network have thrown their support behind the move, reinforcing the legitimacy of the transition.
The acquisition marks a significant milestone for Native Markets as it prepares to integrate the USDH stablecoin into its ecosystem. The company has outlined a phased rollout strategy to ensure seamless adoption and minimize disruption for users. This approach will involve initial testing phases, community feedback integration, and gradual expansion of functionalities.
Industry observers view this development as a positive step toward greater standardization in the decentralized finance space. The clear ticker assignment helps reduce potential confusion among traders and investors while promoting interoperability across platforms. Native Markets’ methodical implementation plan demonstrates their commitment to responsible growth and user-centric development in the increasingly competitive stablecoin landscape.
