Wu says that Hyperliquid posted that as part of the USDH sunset plan, all USDH‑denominated markets on HyperCore have been settled. The official guidance is for users to act immediately: exchange USDH for USDC on HyperCore’s spot order book; use the Across bridge to swap USDH on HyperEVM to USDC at a 1:1 rate with zero fees; withdraw the USDH provided in the Borrow/Lend module; and repurchase USDH/USDC to repay borrowed USDH debt. https://t.co/ETXX9dExpG

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NEW: @HyperliquidX ANNOUNCES "AS PART OF THE USDH SUNSET, ALL USDH-DENOMINATED MARKETS ON HYPERCORE HAVE COMPLETED SETTLEMENT"
USERS ARE RECOMMENDED TO IMMEDIATELY:
- SWAP USDH ON HYPERCORE FOR USDC ON THE SPOT ORDER BOOK
- SWAP USDH ON HYPEREVM FOR USDC 1:1 WITH NO FEES VIA ACROSS
- WITHDRAW SUPPLIED USDH FROM BORROW/LEND
- REPAY BORROWED USDH BY BUYING USDH/USDC
Migration incoming!
We're kicking off the USDH → USDC collateral migration tomorrow.
Starting June 10th, we'll begin winding down existing markets and settling open positions at mark price, working from least to most active over the coming days, ahead of the full transition to USDC. The final day to migrate will be June 17th.
If you're holding positions: every close settles at mark. We'll post the schedule below + have daily reminders before each batch so nothing catches you off guard.
USDC deployment + relisting of core markets is imminent, and details will be shared soon.
Full Market Settlement Schedule below.