USDH is the First Permissionless Quote Asset Launched on Hyperliquid
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 28 2025Launch of Permissionless Spot Quote Asset Feature: Hyperliquid has introduced a new feature on its decentralized trading platform that allows any asset to be used as a quote asset, enabling users to create new trading pairs through Dutch auctions.
USDH as the First Permissionless Quote Asset: The stablecoin USDH is the first asset to achieve permissionless quote status, with the HYPE/USDH trading pair now live, and more trading pairs expected to be introduced in the future.
About the author
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.
