Hyper Foundation Launches $10M Grant Program to Support USDH Migration and Wind-Down

Hyper Foundation has launched a grant program worth approximately $10 million to support developers and projects impacted by the planned shutdown of USDH. The funds are designed to help cover both migration requirements and orderly wind-down expenses.

Under the initiative, eligible participants—including HyperEVM protocols, HIP-1 and HIP-3 deployers, USDH:USDC bridge operators, and Native Markets—will receive financial assistance to help them manage their transition smoothly.

Recipients approved for the program are required to complete all migrations or fully wind down their operations by the end of July, according to the outlined timeline.

Source: Hyperliquid