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Coinvestigator reported that on March 15, Native Markets, the issuer of Hyperliquid's native stablecoin USDH, will launch tokenized margin pmUSDH. After users deposit USDH into a portfolio margin account, the protocol will convert the position into an ERC-20 format pmUSDH token. This tokenized version can also earn interest paid by borrowers, and can be used across DeFi protocols including Felix, Hyperlend, Pendle, and Rysk.