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    Felix USDhl

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    TL;DR

    USDhl is a fiat stable custom-built for the Hyperliquid ecosystem, serving as a building block for HIP-3, fx, payments, and more

    Dossier

    ## Overview Felix USDhl is a fiat-backed stablecoin purpose-built for the Hyperliquid ecosystem. Unlike general-purpose stablecoins deployed across multiple chains, USDhl serves as a native building block within Hyperliquid's Layer 1 infrastructure, designed to support the platform's emerging financial primitives. The token exists to facilitate settlement, collateral operations, and payment flows within Hyperliquid's protocol suite, including integration with HIP-3 (the Hyperliquid Improvement Proposal framework), decentralized exchange functions, and native payment rails. The creation of USDh