Hyperliquid Launches USDH Stablecoin to Compete with Aster DEX's Expansion
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 25 2025
Launch of USDH Stablecoin: Hyperliquid's USDH stablecoin has launched on the HyperCore platform, minting over $15 million in its first 24 hours, and aims to establish a strong presence in the DeFi ecosystem.
Partnership with Assistance Fund: Native Markets has aligned USDH with the Assistance Fund, committing $0.50 from each dollar earned to support this initiative, enhancing the stablecoin's credibility and stability.
Competition with Aster DEX: Aster DEX has surpassed Hyperliquid in daily revenue, generating $10 million compared to Hyperliquid's $3 million, intensifying competition in the DeFi market.
Future Developments: Native Markets plans to expand USDH's functionality by integrating it into the spot market and launching USDH-margined perpetual order books, while Aster DEX is preparing to launch its own layer-1 chain focused on trade privacy.
About the author
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Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
