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Hyper Foundation grants $10M to support migration from USDH to USDC before July deadline

Protocol Fundamentals
28 Jun 2026, 19:09 WIB
Crypto Briefing
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Neutral
Hyper Foundation grants $10M to support migration from USDH to USDC before July deadline

Hyper Foundation is providing $10 million in grants to help developers and protocols transition from the USDH stablecoin to USDC as USDH is being phased out. Builders on the Hyperliquid platform must complete their migrations or orderly shutdowns by the end of July 2026. Feeless bridges are available to allow users to convert USDH to USDC without transaction costs. This shift follows a strategic decision to replace USDH with USDC as the primary stablecoin, impacting traders and native token holders due to reserve reallocations and contract closures.

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