Hyperliquid Makes History, Presenting USDH as the First Quote Asset!

Jakarta, Pintu News – Hyperliquid recently announced the launch of USDH as a permissionless quote asset in their ecosystem. This innovation allows market participants to use USDH in the first trading pair of every HIP-1 spread.

This move will hopefully open up more opportunities for users and projects to experiment with different combinations of underlying assets and quotes. This decision marks an important milestone in Hyperliquid’s efforts to increase flexibility and decentralization in crypto asset trading.

USDH becomes the first unlicensed quoted asset

USDH, a stablecoin managed by Native Markets, has successfully qualified as the first unlicensed quoted asset on Hyperliquid. This status allows USDH to be used in the first spot pair for any HIP-1 deployment. The HYPE/USDH trading pair is already active, and this is the first step in a series of new pair deployments to come.

Hyperliquid has confirmed that there will be more trading pairs involving USDH in the future. With this new system, any stable asset that meets the criteria set out in Hyperliquid’s documentation can be made a quoted asset. This provides the opportunity for more assets to be used in trading, increasing liquidity and choice for users.

The system is designed to facilitate innovation and experimentation in the creation of asset pairs in the crypto market. The success of USDH in meeting these criteria shows great potential for other assets that want to be part of this ecosystem.

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How Unauthorized Spot Quote Assets Work

Hyperliquid has introduced a feature that allows stable asset deployers to make their tokens a quoted asset. The terms and conditions for this have been clearly set out in the documentation available on the Hyperliquid platform. Once an asset gains quote status, it can be used in the first spot pair of any HIP-1 deployment.

This gives users more flexibility to determine the market dynamics according to their needs. The Dutch auction mechanism implemented ensures that the deployment of new pairs is done transparently and fairly. This helps in maintaining integrity and trust in the Hyperliquid trading system.

By introducing a permissionless quoting system, Hyperliquid hopes to encourage innovation and give users more control in creating new trading opportunities. This is a step forward in creating a market that is more inclusive and responsive to user needs.

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Greater Flexibility for Traders and Projects

The unlicensed quotation system provides greater flexibility for traders and projects in creating new trading opportunities. By allowing eligible assets to act as quotes, Hyperliquid gives users more control in the creation and experimentation of trading pairs.

This will hopefully increase innovation and exploration in various trading strategies in the crypto market. This freedom also allows new projects to be more easily integrated into the Hyperliquid ecosystem. With USDH now the first unlicensed quoted asset, the way has been paved for other assets to follow in its footsteps.

This demonstrates Hyperliquid’s commitment to decentralization and innovation, while providing more choice and flexibility to traders in the fast-changing crypto market. The move will hopefully encourage more participation and diversification in asset pairing on the platform.

Conclusion

Hyperliquid’s new initiative of integrating USDH as the first unlicensed quoted asset marks a new era in crypto trading flexibility. By opening the door for other assets to be quoted, the platform not only increases liquidity but also enriches the trading ecosystem with a wider selection. Going forward, this could be a catalyst for further innovation and continued growth in the crypto industry.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. USDH Becomes First Permissionless Quote Asset on HyperLiquid. Accessed on September 29, 2025
• Featured Image: Crypto Economy