Hyperliquid announced that, as part of the USDH exit plan, all USDH-denominated markets on HyperCore have completed settlement. The announcement also instructed users to take immediate action on any remaining USDH assets in their accounts. The listed actions cover spot-order-book conversion, conversion on HyperEVM, withdrawals from Borrow/Lend products, and repayment of borrowed USDH positions.
How users are being asked to handle remaining USDH
According to the steps outlined by Hyperliquid, users can convert USDH into USDC through the HyperCore spot order book. They can also exchange USDH for USDC on HyperEVM. For USDH still held in the Borrow/Lend product, users should withdraw those assets. If a user has borrowed USDH, Hyperliquid said the borrowed amount can be repaid by purchasing the USDH/USDC trading pair.
Hyperliquid stated that users should complete the relevant asset conversions and lending-position adjustments in a timely manner to avoid effects from the USDH exit process. The announcement centers on two points: confirmation that settlement for USDH-denominated markets on HyperCore has been completed, and a request that users clear or convert remaining USDH assets through the specified channels.