Finance that flows.
Native Markets is the team behind USDH: the stablecoin built for Hyperliquid.
Hyperliquid is the most capable financial infrastructure ever built. It deserves a dollar to match.
Billions in real-world assets already trade on Hyperliquid.With 80-millisecond block times and gasless trading,Hyperliquid’s infrastructure already supports the largest onchain trading venue in the world.Native Markets builds the products that power the Hyperliquid ecosystem,starting with our stablecoin: USDH.
USDH is the only Aligned Quote Asset
When trading on USDH-quoted markets, users enjoy reduced costs, higher rebates, and faster path to fee tiers. Reserve yield flows back into the Hyperliquid ecosystem.
20%
Lower taker fees
Pay less on every trade execution
50%
Higher maker rebates
Earn more when providing liquidity
20%
Higher fee tier volume contribution
Reach discount tiers faster
We’ve committed 100% of USDH reserve yield to the Hyperliquid ecosystem.
50%
Assistance Fund Contribution
Half of reserve yield is programmatically converted to $HYPE.
50%
Ecosystem Growth
The other half fuels builder incentives, ecosystem teams, and adoption across the chain.
Grew up on Wall Street. Reborn on Hyperliquid.
Led by alumni of Uniswap, BlackRock, Stripe, Circle, and Ramp, Native Markets is well positioned to execute.
MC Lader
Founder & CEO
MC Lader spent a decade at Goldman Sachs and BlackRock before joining Uniswap as President and COO. She founded Native Markets in order to build the stablecoin Hyperliquid deserves.
Max Fiege
Cofounder
Max has served the Hyperliquid ecosystem as an investor and advisor, backing projects now totaling nearly $2.5B in HyperEVM TVL and $15B in HyperCore trading volume. Max previously served teams like Liquity and Barnbridge in product and strategy roles focused on onchain stablecoins and fixed rate instruments.
Marvin Ammori
Cofounder, Chief Legal Officer
Marvin has served the Hyperliquid ecosystem as an investor and advisor, backing projects now totaling nearly $2.5B in HyperEVM TVL and $15B in HyperCore trading volume. Max previously served teams like Liquity and Barnbridge in product and strategy roles focused on onchain stablecoins and fixed rate instruments.
Managed by BlackRock. Custodied at JPMorgan.
USDH reserves are managed by BlackRock, custodied at JPMorgan Chase, and verified onchain by Superstate.
An independent auditor verifies monthly attestations for USDH reserve backing. View attestations