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Hyperliquid announced that USDH will gradually go offline and recommends users to immediately exchange USDH for USDC. Coinbase has become the official USDC treasury deployer for Hyperliquid, with the platform shifting towards USDC as the primary stablecoin and collateral. USDH can currently be traded normally and remains fully supported. Users can exchange it for USDC or fiat currency for free through Native Markets' USDH Dashboard during the transition period. The platform will coordinate with relevant HIP deployers to complete the migration.