Native Markets Bags USDH!

Native Markets secured the USDH stablecoin ticker for Hyperliquid.

Author

Danielle du Toit
September 15, 2025

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Here's what we've got for you today:

  • Hyperliquid USDH Vote Ends With Native Markets on Top

  • Polkadot to Tighten Tokenomics by Capping DOT Supply at 2.1 Billion

  • Galaxy Digital Scoops $306M in Solana After Deal for Crypto Treasury

  • Nemo Protocol Launches Debt Token Program for $2.6 Million Exploit Victims

Native Markets secured the USDH stablecoin ticker for Hyperliquid, but faces backlash over the selection process.

  • Native Markets won the USDH ticker for Hyperliquid’s stablecoin after Ethena’s withdrawal.

  • The rollout will start with a limited trial allowing $800 mint/redeem transactions before opening the USDH/USDC spot market and full-scale launch.

  • The selection process drew some criticism, with industry voices like Haseeb Qureshi alleging the outcome was predetermined and not genuinely open.

Polkadot DAO caps DOT supply at 2.1 billion through Referendum 1710, introducing a two-year inflation schedule to replace unlimited issuance.

  • Polkadot DAO approved Referendum 1710 to cap DOT’s total supply at 2.1 billion, ending the unlimited issuance model.

  • The new framework introduces a two-year token inflation schedule instead of the previous 120 million DOT annual issuance.

  • By 2040, supply is projected to reach ~1.91 billion DOT under the new model, compared to ~3.4 billion if the old system continued.

Galaxy Digital bought $306 million in Solana in one day, expanding its $1.5B spree.

  • Galaxy Digital purchased $306 million worth of Solana in a single day, acquiring 1.2 million SOL and transferring them to custody with Fireblocks.

  • The move is part of a spree totaling more than $1.5 billion in Solana purchases since Wednesday.

  • Galaxy teamed up with Multicoin Capital and Jump Crypto to back Forward Industries’ $1.65 billion private placement, positioning it as a major Solana treasury firm.

Nemo Protocol unveiled a debt-token compensation plan after its $2.6M exploit, pledging to fully reimburse affected users.

  • Nemo Protocol, a Sui-based yield platform, launched a compensation plan for victims of its $2.6M exploit.

  • Affected users will receive NEOM debt tokens equal to their losses in USD terms, based on an on-chain snapshot after the hack.

  • Nemo said the debt-token model was chosen due to limited funds but pledged to fully reimburse principal losses over time.

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