Crypto Scenario Insights
What happened
Hyperliquid has completed the settlement of USDH-denominated markets on HyperCore as part of its USDH exit plan.
What we think
The most likely outcome is a successful, neutral-to-mildly bullish consolidation of stablecoin liquidity into USDC on Hyperliquid (60% probability).
Read the analysis
Hyperliquid Phases Out USDH in Favor of USDC — Will Liquidity Consolidation Support HYPE?
We explain what happened and what could follow. We do not forecast prices.