HyperLend will gradually cease its USDH lending service process

Foresight News reports that the lending protocol HyperLend on HyperEVM has announced on Twitter that it will gradually cease the USDH lending service. Within 48 hours, users will no longer be able to supply or borrow USDH on HyperLend. The team also encourages users to proactively repay any outstanding USDH loans.

According to an earlier report from Foresight News, a certain exchange has become the official USDC fund deployment institution for Hyperliquid, while USDH will be gradually phased out of the market over time. As part of this partnership, Native Markets has agreed to grant the exchange the rights to purchase USDH brand assets. In the coming months, users can continue to use Native Markets' USDH control panel to exchange USDH for USDC or fiat currency without fees.