Native Markets said this week is the final week for users to swap USDH through USDH.com, as liquidity support for the site is being wound down and the platform is set to be retired. Users are asked to complete their USDH conversions by July 16, before USDH.com is formally discontinued at 21:00 on July 17. For the next few months, Bridge will continue to offer 1:1 USDH redemption and conversion through its own website, though that route will require a separate onboarding process. Foresight News had previously reported that Native Markets agreed to grant Coinbase the right to purchase USDH brand assets, while USDH itself is expected to phase out over time.
Native Markets said this week is the last week for users to convert USDH through USDH.com. The company said liquidity support for the service is being wound down, and the website will be taken offline as that process finishes.
Users need to complete their USDH swaps by July 16. USDH.com is scheduled to be formally retired at 21:00 on July 17.
For the next few months, Bridge will continue to maintain 1:1 redemption and conversion for USDH through its website. That channel, however, requires users to complete a separate onboarding process.
Foresight News previously reported that Native Markets had agreed to grant Coinbase the right to acquire USDH brand assets. USDH will also be phased out over time.
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