Hyper Foundation's $10M Grant Program: Full Details on the USDH-to-USDC Migration
On June 28, 2026, the Hyper Foundation announced an approximately $10 million grant program to support developers and protocols affected by the wind down of USDH, Hyperliquid's native stablecoin, as the ecosystem tran... End users can convert USDH to USDC fee free via three paths: the HyperCore spot order book, the...
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On June 28, 2026, the Hyper Foundation announced an approximately $10 million grant program to support developers and protocols affected by the wind down of USDH, Hyperliquid's native stablecoin, as the ecosystem tran...
End users can convert USDH to USDC fee free via three paths: the HyperCore spot order book, the Across Protocol on HyperEVM (1:1, fee free), and the USDH Redemption Dashboard, all before the July deadline.
Search & fact-check with cited sources for What are the details of Hyper Foundation's $10 million grant program launched on June 28 to suppoHyper Foundation launches $10M grant program to support developers and protocols affected by USDH wind-down.
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Create a landscape editorial hero image for this Studio Global article: Search & fact-check with cited sources for What are the details of Hyper Foundation's $10 million grant program launched on June 28 to suppo. Article summary: On June 28, 2026, the Hyper Foundation announced an approximately **$10 million grant program** to support developers and protocols affected by the wind-down of **USDH**, Hyperliquid's native stablecoin, as the ecosystem. Topic tags: general, general web, documentation, user generated. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks,
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On June 28, 2026, the Hyper Foundation announced an approximately $10 million grant program to support developers and protocols affected by the wind-down of USDH, Hyperliquid's native stablecoin, as the ecosystem transitions to USDC as its canonical stablecoin . Here are the full details.
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What is the short answer to "Hyper Foundation's $10M Grant Program: Full Details on the USDH-to-USDC Migration"?
On June 28, 2026, the Hyper Foundation announced an approximately $10 million grant program to support developers and protocols affected by the wind down of USDH, Hyperliquid's native stablecoin, as the ecosystem tran...
What are the key points to validate first?
On June 28, 2026, the Hyper Foundation announced an approximately $10 million grant program to support developers and protocols affected by the wind down of USDH, Hyperliquid's native stablecoin, as the ecosystem tran... End users can convert USDH to USDC fee free via three paths: the HyperCore spot order book, the Across Protocol on HyperEVM (1:1, fee free), and the USDH Redemption Dashboard, all before the July deadline.
Hyper Foundation's $10M Grant Program: Full Details on the USDH-to-USDC Migration
On June 28, 2026, the Hyper Foundation announced an approximately $10 million grant program to support developers and protocols affected by the wind down of USDH, Hyperliquid's native stablecoin, as the ecosystem tran... End users can convert USDH to USDC fee free via three paths: the HyperCore spot order book, the...
Published byEdited with DeepSeek-V4-FlashImages generated with GPT Image 1.5
On June 28, 2026, the Hyper Foundation announced an approximately $10 million grant program to support developers and protocols affected by the wind down of USDH, Hyperliquid's native stablecoin, as the ecosystem tran...
End users can convert USDH to USDC fee free via three paths: the HyperCore spot order book, the Across Protocol on HyperEVM (1:1, fee free), and the USDH Redemption Dashboard, all before the July deadline.
Search & fact-check with cited sources for What are the details of Hyper Foundation's $10 million grant program launched on June 28 to suppoHyper Foundation launches $10M grant program to support developers and protocols affected by USDH wind-down.
AI Prompt
Create a landscape editorial hero image for this Studio Global article: Search & fact-check with cited sources for What are the details of Hyper Foundation's $10 million grant program launched on June 28 to suppo. Article summary: On June 28, 2026, the Hyper Foundation announced an approximately **$10 million grant program** to support developers and protocols affected by the wind-down of **USDH**, Hyperliquid's native stablecoin, as the ecosystem. Topic tags: general, general web, documentation, user generated. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks,
openai.com
On June 28, 2026, the Hyper Foundation announced an approximately $10 million grant program to support developers and protocols affected by the wind-down of USDH, Hyperliquid's native stablecoin, as the ecosystem transitions to USDC as its canonical stablecoin . Here are the full details.
Studio Global AI
Continue your research
This page includes a source-backed answer you can continue inside Studio Global.
What is the short answer to "Hyper Foundation's $10M Grant Program: Full Details on the USDH-to-USDC Migration"?
On June 28, 2026, the Hyper Foundation announced an approximately $10 million grant program to support developers and protocols affected by the wind down of USDH, Hyperliquid's native stablecoin, as the ecosystem tran...
What are the key points to validate first?
On June 28, 2026, the Hyper Foundation announced an approximately $10 million grant program to support developers and protocols affected by the wind down of USDH, Hyperliquid's native stablecoin, as the ecosystem tran... End users can convert USDH to USDC fee free via three paths: the HyperCore spot order book, the Across Protocol on HyperEVM (1:1, fee free), and the USDH Redemption Dashboard, all before the July deadline.
The program splits funding into two distinct tracks :
Migration Grants — for teams that have integrated USDH and are migrating their markets, deployments, or protocol components to USDC . These cover the costs of moving HIP-1 spot markets, HIP-3 perpetual contract deployments, HyperEVM protocols, USDH:USDC bridges, and Native Markets operations to USDC .
Gradual Shutdown Grants — for teams that are winding down USDH-denominated operations in an orderly fashion rather than migrating . These cover wind-down costs for the same categories of recipients but are generally lower than equivalent Migration Grants .
Eligible Recipients
Grants are distributed across five groups :
HIP-1 deployers — teams running spot order books denominated in USDH.
HIP-3 deployers — perpetual contract market makers and integrators.
HyperEVM protocols — smart-contract protocols on Hyperliquid's EVM layer that used USDH.
Native Markets — the original USDH issuer and stablecoin operator.
Grant sizes are calculated differently per category: for HIP-1 and HIP-3 recipients, amounts are based on auction deployment costs; for HyperEVM protocols, amounts are determined by the value of USDH locked in the protocol .
Deadline
All migration and shutdown activities must be completed by the end of July 2026 to qualify . The grant application window closes at the same time .
User Conversion Options (Fee-Free)
End users — not just developers — have three fee-free paths to convert USDH to USDC :
Across Protocol (HyperEVM) — the cross-chain intents-based bridge offers a 1:1, fee-free USDH-to-USDC conversion on HyperEVM .
USDH Redemption Dashboard — available at dashboard.usdh.com, where onboarded customers can convert USDH to USDC or fiat, also fee-free .
All USDH-priced markets on HyperCore completed settlement around June 20, 2026 . Users are strongly advised to convert before the end-of-July deadline.
Background: From Native Markets to USDC Canonical
In September 2025, Hyperliquid held a validator auction to select a partner to issue USDH, the chain's first native stablecoin. After a competitive week-long bidding process involving Paxos, Ethena, BitGo, and others, Native Markets won with ~69% validator support on September 14, 2025 . USDH launched shortly after as the ecosystem's native quote asset.
By May 2026, Hyperliquid pivoted to a new framework called AQAv2, making USDC the canonical quote asset to consolidate liquidity and bring reserve yield revenue on-chain . Coinbase won the USDC treasury deployer seat under this framework, and Hyperliquid granted Coinbase rights to purchase USDH brand assets . This set the stage for the coordinated USDH sunset completed in June–July 2026.
intellectia.aiHyper Foundation Launches $10M Grant Program for USDH Migration
The program splits funding into two distinct tracks :
Migration Grants — for teams that have integrated USDH and are migrating their markets, deployments, or protocol components to USDC . These cover the costs of moving HIP-1 spot markets, HIP-3 perpetual contract deployments, HyperEVM protocols, USDH:USDC bridges, and Native Markets operations to USDC .
Gradual Shutdown Grants — for teams that are winding down USDH-denominated operations in an orderly fashion rather than migrating . These cover wind-down costs for the same categories of recipients but are generally lower than equivalent Migration Grants .
Eligible Recipients
Grants are distributed across five groups :
HIP-1 deployers — teams running spot order books denominated in USDH.
HIP-3 deployers — perpetual contract market makers and integrators.
HyperEVM protocols — smart-contract protocols on Hyperliquid's EVM layer that used USDH.
Native Markets — the original USDH issuer and stablecoin operator.
Grant sizes are calculated differently per category: for HIP-1 and HIP-3 recipients, amounts are based on auction deployment costs; for HyperEVM protocols, amounts are determined by the value of USDH locked in the protocol .
Deadline
All migration and shutdown activities must be completed by the end of July 2026 to qualify . The grant application window closes at the same time .
User Conversion Options (Fee-Free)
End users — not just developers — have three fee-free paths to convert USDH to USDC :
Across Protocol (HyperEVM) — the cross-chain intents-based bridge offers a 1:1, fee-free USDH-to-USDC conversion on HyperEVM .
USDH Redemption Dashboard — available at dashboard.usdh.com, where onboarded customers can convert USDH to USDC or fiat, also fee-free .
All USDH-priced markets on HyperCore completed settlement around June 20, 2026 . Users are strongly advised to convert before the end-of-July deadline.
Background: From Native Markets to USDC Canonical
In September 2025, Hyperliquid held a validator auction to select a partner to issue USDH, the chain's first native stablecoin. After a competitive week-long bidding process involving Paxos, Ethena, BitGo, and others, Native Markets won with ~69% validator support on September 14, 2025 . USDH launched shortly after as the ecosystem's native quote asset.
By May 2026, Hyperliquid pivoted to a new framework called AQAv2, making USDC the canonical quote asset to consolidate liquidity and bring reserve yield revenue on-chain . Coinbase won the USDC treasury deployer seat under this framework, and Hyperliquid granted Coinbase rights to purchase USDH brand assets . This set the stage for the coordinated USDH sunset completed in June–July 2026.
intellectia.aiHyper Foundation Launches $10M Grant Program for USDH Migration
