USDH

2026

USDC

Hyper

<ul>
 <li>Hyper Foundation allocated about $10 million to support projects migrating from USDH to USDC or winding down.</li>
 <li>Eligible builders must complete migrations by the end of July 2026 to qualify for grant funding.</li>
 <li>Users can swap USDH for USDC through HyperCore or HyperEVM using the foundation’s migration pathways.</li>
</ul>
<p>Hyper Foundation has committed approximately $10 million in grants to support projects affected by the USDH sunset. The initiative, <a href="https://t.me/hyperliquid_announcements/566" rel="noopener noreferrer nofollow">announced</a> on June 28, targets builders across the Hyper ecosystem that integrated USDH and now must either migrate operations to USDC or wind down affected products. According to Hyper Foundation, recipients must complete their transitions before the end of July 2026.</p>
<h2 class="wp-block-heading" id="strong-grants-target-affected-ecosystem-projects-strong"><strong>Grants Target Affected Ecosystem Projects</strong></h2>
<p>The funding program focuses on builders directly impacted by the stablecoin's retirement. Eligible recipients include HIP-1 spot deployers, HIP-3 perpetual deployers, HyperEVM protocols, dedicated USDH:USDC bridges, and Native Markets.</p>
<p>According to Hyper Foundation, migration grants will support teams moving markets and deployments from USDH to <a href="https://cryptofrontnews.com/cronos-adds-native-usdc-eurc-and-cctp-support-soon/" rel="noopener noreferrer nofollow">USDC</a>. Meanwhile, wind-down grants will assist teams ending USDH-dependent operations rather than adopting another asset.</p>
<p>The foundation stated that wind-down grants will remain smaller than equivalent migration grants. In return, recipients must commit to an orderly transition process before July ends. Moving further into the framework, Hyper Foundation outlined how it calculates grant allocations.&nbsp;</p>
<p>HIP-1 and HIP-3 awards depend on auction deployment costs. At the same time, HyperEVM grants depend on the amount of USDH total value locked affected by the sunset.</p>
<h2 class="wp-block-heading" id="strong-users-receive-migration-guidance-strong"><strong>Users Receive Migration Guidance</strong></h2>
<p>Alongside the grant program, <a href="https://cryptofrontnews.com/hyperliquid-meets-us-regulators-on-onchain-derivatives-push/" rel="noopener noreferrer nofollow">Hyper Foundation</a> provided instructions for users holding USDH. The organization advised users to follow guidance issued directly by protocols undergoing migration or closure.</p>
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<p>For those seeking liquidity options, users can exchange USDH for USDC on HyperCore through the spot order book. Additionally, users can swap USDH for USDC on HyperEVM through Across at a one-to-one ratio without fees.</p>
<p>According to the foundation, HyperCore USDH markets have already completed settlements. As a result, swap mechanisms now serve as the primary conversion route.</p>
<h2 class="wp-block-heading" id="strong-foundation-thanks-builders-and-community-strong"><strong>Foundation Thanks Builders and Community</strong></h2>
<p>As migration efforts continue, Hyper Foundation said it has already contacted all eligible recipients. The organization noted that it is working directly with affected teams throughout the transition period.</p>
<p>The foundation also acknowledged builders that developed products and markets using USDH. In addition, it thanked users who participated in the <a href="https://cryptofrontnews.com/blockchain-association-files-genius-act-stablecoin-comments/" rel="noopener noreferrer nofollow">stablecoin’s development</a> and Native Markets for launching the asset.</p>
<p>According to Hyper Foundation, the migration process has progressed smoothly so far because teams and community members have remained actively involved throughout the transition.</p>
<p>The post <a href="https://cryptofrontnews.com/hyper-foundation-sets-10m-for-usdh-migration-effort/" rel="noopener noreferrer nofollow">Hyper Foundation Sets $10M for USDH Migration Effort</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

Hyper Foundation Sets $10M for USDH Migration Effort

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