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.