map · bluechip score · Stablecoins

Hyperliquid stablecoin issuers · SwanBluechip

Stablecoin protocols issuing or wrapping value on Hyperliquid L1 — beyond USDC, the dominant quote asset.

2
projects tracked
7/10
top score (Felix)
2
Strong+ tier

All Stablecoins projects, ranked

#1
Felix logo
Felix
High-TVL CDP and stablecoin protocol (feUSD), frequently flagged among the strongest farming picks.
7/10 · Strong
#2
Native Markets logo
Native Markets
Issuer of USDH, Hyperliquid native stablecoin — BlackRock + Superstate backed; half of revenues donated to the HYPE Assistance Fund.
7/10 · Strong

Questions

What stablecoins are on Hyperliquid?
USDC dominates as the perp quote asset. USDT, USDe, USDH, and feUSD also circulate. Felix and Native Markets are the two Strong-rated (7/10) issuers building new HL-native stablecoin products.
What is feUSD?
feUSD is the Felix protocol's native stablecoin. See /projects/felix/ for the full take.
Where can I see live stablecoin supply on Hyperliquid?
/stables/ tracks circulating supply, 7-day growth, and market share for every stablecoin on the HL L1.

Other categories

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