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USDH Redemption Portal Taken Offline; Bridge to Handle 1:1 Redemptions

AI Market Summary
Native Markets has suspended the official USDH redemption portal, migrating exchange and 1:1 redemption services to Bridge's channels. While redemption continuity is maintained, the shift introduces operational and onboarding friction as users must register and complete access procedures on Bridge. Near-term market focus is on counterparty and process risk, potential delays, and liquidity fragmentation across venues as redemption flows are rerouted.
Impact level
● Medium
AI InsightAI Insight
● Neutral
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Native Markets, issuer of USDH, said the official USDH redemption and exchange portal has been suspended as of July 21 (UTC+8), according to ME News. The company said USDH exchange services will be shifted to Bridge's official channels. Bridge will continue offering 1:1 USDH redemption and exchange services in the coming months, but users will need to complete separate account registration and onboarding on the Bridge platform. (Source: ODAILY)
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