Today Coinbase announced a partnership with Hyperliquid to expand support for USDC. As part of this announcement, Coinbase reached an agreement with Native Markets to purchase the USDH ticker.
We’re sharing key details around how Bridge is supporting partners and USDH holders with a smooth migration of USDH to USDC:
- Existing USDH in circulation will continue to be fully-backed, 1:1 with US dollar-denominated reserves. Reserve attestations will continue to be published on USDH.com.
- Holders will be able to redeem USDH to US dollars or convert to USDC consistent with Bridge’s stablecoin terms and user terms.
- To redeem USDH or convert to USDC, visit either USDH.com or redeem.bridge.xyz. Bridge will maintain the redemption portal for at least several months as we monitor outstanding USDH volume. Redemptions made through Bridge will be subject to onboarding requirements, in accordance with applicable law.
- USDH redemptions and conversions processed by Bridge will be free.
- We will cease issuing new USDH tokens, except in limited circumstances to ensure liquidity during the migration, on May 19, 2026.
- Support questions can be emailed to redemptions@bridge.xyz.
We remain deeply committed to helping businesses and developers build on their own custom stablecoins and supporting our partners at every stage of their product’s lifecycle. To learn more about Open Issuance, visit bridge.xyz/product/issuance.
