Michael Silberling

As part of the USDH sunset process, Native Markets will unstake the HYPE required for AQA + PQA status tomorrow. Existing USDH-denominated HIP-3 markets will continue to operate during and after the unstaking process. New markets will be unable to be created, and AQA benefits will no longer apply. Settlement of these markets will be at the discretion of each HIP-3 deployer. HIP-1 spot markets will be removed, and open orders will be cancelled. Users may continue to convert their USDH in the HyperCore USDH/USDC order book after the unstaking process has completed.

@ryanli @SurfAI Hi @SurfAI, which stablecoins launched 2021 or later had the greatest supply growth (in absolute dollar terms) over the past year?

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@stevibiel Saw it with my own two eyes

@MSilb7 big if true

Officially became a regular at a coffee shop today. 2026 off to a hot start

@asilbwrites @Nike Sunday afternoon naps

@MSilb7 @Nike why were you awake

Jannik Sinner can do it all. 6 consecutive titles, a career Golden Masters, and a new record set on home soil. This isn't just history — it's his story in the making.

@mooooor_s Barely

@AsafNadler More

@MSilb7 How big of a reserve can you get?

thinking about starting a stablecoin backed by my coffee consumption

@agaperste big if true

@MSilb7 dirt

What makes a salad “earth-friendly”?

Most growth of any stablecoin on Hyperliquid since launch. Proud to sustain 100M+ supply, now on to the next era of @nativemarkets.

When Native Markets secured the right to deploy USDH eight months ago, we had a simple thesis: people care about stablecoins that deliver value to the networks and their users. Today, we see a validation of that thesis with Coinbase deploying native USDC as an AQA that shares the vast majority of its reserve yield. This transition to Coinbase immediately activates yield on nearly $5B worth of stablecoins and aligns Hyperliquid with one of crypto’s strongest policy advocates. I'm proud of what @fiege_max and our entire team have built to date — designing the Open Issuance product alongside the Bridge team, building an exceptional onramp with USDH.com, and beyond. To those that supported USDH, thank you for your vote of confidence. There’s more to come, stay tuned.

With Native Markets, we set out to create a stablecoin platform for Hyperliquid that stopped value leakage from its ecosystem and minimized its third party dependencies. These goals are achieved with the formalization of USDC as an AQA. Today’s announcement marks what I view to be the biggest win for Hyperliquid to date, unlocking meaningful additional annual revenue for the Assistance Fund, as well as allying the network with the strongest force in American crypto policy. It’s incredibly vindicating to see industry leaders recognize a thesis that few of us believed just a short time ago. I want to thank all of the builders who took a chance on USDH, as well as to give a special shout out to @mclader. It’s been a privilege working with her on USDH, and for all of us HYPE holders, we can be grateful to have her in our corner. Our blog post below walks through the timeline for sunsetting USDH over the coming months. We’ll be in touch with builders and partners who have questions, especially those navigating spot and perp order book migration.

@crypto_irene Great I’ll forward it, since it’s definitely not for me

@MSilb7 Sending the audio book in dm

Bedtime prep very on brand 🫣

@asilbwrites try harder

@MSilb7 It's not about what makes a salad "earth-friendly" -- it's about what makes it good for the earth

@gkimbwala :squidward_dab:

A lot of hard work went into the last quarter! Bravo team! 👏🏾

State of the OP Stack Q1 2026 is live Key Update: @Optimism shifted toward institutional adoption with the launch of OP Enterprise, a managed infrastructure product for institutions to run dedicated chains without in-house ops. @EtherFi migrated its Cash product to OP Mainnet with zero downtime, adding $220M in TVL, and Sunnyside Labs launched Privacy Boost, the first privacy infrastructure built natively for the OP Stack.

The surprise slouch is perfect comedy