What stablecoins are on Hyperliquid?

Hyperliquid L1 supports multiple stablecoins including USDC (the dominant quote asset for perp markets), USDT, USDe, USDH, and feUSD. Each is tracked with live circulating supply and market share.

Which stablecoin is the default for Hyperliquid trading?

USDC is the primary collateral and quote asset for perp futures on Hyperliquid. Other stablecoins are used for DeFi, staking, and bridged liquidity within the ecosystem.

Data as ofOct 2, 2026 · 00:04 UTC

Stablecoins on Hyperliquid

All stablecoins circulating on the Hyperliquid L1 chain, ranked by supply.

Last updated 2026-10-02 00:04 UTC

Total HL L1 Stable Supply

$7.43B

13 stablecoins tracked

Largest · USDC $7.33B

7d top growth · USDC -4.04%

HL Ecosystem Stables

feUSD

Felix feUSD

$9.72M

7d Δ-1.39%

Market share

USDH

USDH Stablecoin

$7.49M

7d Δ-1.09%

Market share

All stablecoins · 13 total

#	Symbol	Name	Circulating	Share	7d Δ
1	USDC	USD Coin	$7.33B	98.7%	-4.04%
2	USDT	Tether	$66.70M	0.9%	-22.63%
3	feUSD	Felix feUSD	$9.72M	0.1%	-1.39%
4	USDe	Ethena USDe	$7.74M	0.1%	-0.91%
5	USDH	USDH Stablecoin	$7.49M	0.1%	-1.09%
6	USUSDM	Monetrix USDM	$3.06M	0.0%	+2.51%
7	BEbeatUSD	Hyperbeat USD	$1.64M	0.0%	-6.56%
8	USDG	Global Dollar	$1.64M	0.0%	-6.66%
9	USUSDV	Delpho USDV	$568.22K	0.0%	+24.63%
10	USDp	Parallel USDp	$430.62K	0.0%	-15.36%
11	M	M by M0	$386.87K	0.0%	+0.07%
12	KEKEI	KEI Stablecoin	$362.29K	0.0%	0.00%
13	USUSDXL	Last USD	$112.47K	0.0%	-0.00%