Hyperliquid mainnet launches permissionless spot-quoted assets, with USDH becoming the first enabled asset

Hyperliquid announced the launch of permissionless spot quote assets on its mainnet. Stable asset deployers can enable the "quote asset" status based on on-chain requirements. Any quote asset can be used as a quote asset in the first HIP-1 spot trading pairs. New trading pairs between existing base and quote assets can be deployed through a permissionless Dutch auction, independent of the HIP-1 token auction.

Native Markets has deployed USDH as the first permissionless quote asset, and HYPE/USDH trading is now online. We will deploy more permissionless trading pairs as much as possible in the future.