USDH (USDH)

Hyperliquid Users: Important Update

All USDH-denominated markets on @HyperliquidX have now been fully settled as part of the USDH sunset.

If you still have any USDH, make sure to:

- Swap USDH to USDC on HyperCore: https://t.co/fam2pZJpxo
- Swap USDH to USDC on HyperEVM: https://t.co/MA2S5ZhWI5
- Withdraw supplied USDH from Borrow/Lend: https://t.co/y4FwuACmnD
- Repay borrowed USDH if needed

Worth double checking your wallet in case you forgot some USDH sitting around.

Looking at HyperEVM scan, over 4,000 wallets are still holding USDH.

What stands out more is the concentration: about 57% of that supply sits in the top 10 wallets of which @AlliumLabs shows that around 25M USDH has already been bridged to HyperCore.

I do not want to overstate the risk because I am still trying to understand the full consequence if these users do not swap immediately, but I think it would be useful to notify as many affected wallets as possible.

Have been trying to do this manually which is pretty time consuming but if I could get:

- @AlliumLabs API tool to pull wallets holding USDH on HyperCore
- @arkham or @nansen_ai API access to match some of these wallets with labels

That will speed things up

If anyone can help with access, credits, or a faster workflow, I would really appreciate it.

Otherwise, I may have to go the RPC route plus manual sorting, and I will likely need someone to join me on that.

Tagging some chads who might know the fastest path here:

@ASvanevik @cryptopapi997 @yrschrade @MiguelMorel @Deebs_DeFi @0xTakeProfits

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