[Bastion Co-Founder: Incentivize the Conversion of USDC to USDH on Hyperliquid, All New Markets Should Natively Support USDH] BlockBeats News, September 10 – Bastion Platform co-founder Nass Eddequiouaq stated during the 'USDH Stablecoin Roundtable' hosted by Hyperliquid that there is an intention to incentivize the migration of liquidity worth tens of billions of dollars from USDC on Hyperliquid to USDH by subsidizing costs. Bastion Platform believes the most critical factor is building a strong flywheel effect: continuously driving the conversion of USDC to USDH through incentive mechanisms and ensuring that all new markets built on USDH natively use USDH instead of USDC. We should transition the existing ecosystem to this financial system that benefits the entire community, and all new ecosystems should no longer be constrained by the legacy monetary system but must be natively built on USDH. BlockBeats previously reported that last Friday, Hyperliquid announced the launch of a 'Hyperliquid-first, Hyperliquid-aligned, and compliant USD stablecoin,' reserving the USDH token code for this purpose. Subsequently, several stablecoin issuers, including Paxos, Frax Finance, Ethena Labs, and Agora, have quickly entered the competition for the issuance rights of the USDH stablecoin.