# Canonical: https://www.uddalak.xyz/hyperliquid-academy/article/146-requirements-aligned-quote-asset
# Author: Uddalak Das
# Last source: https://www.uddalak.xyz/hyperliquid-academy/article/146-requirements-aligned-quote-asset

---
title: "Requirements for Becoming an Aligned Quote Asset"
description: "AQAv2 requirements for aligned stablecoins, including technical and treasury deployers, HYPE staking, reserve sharing, and validator activation."
pillar: "Stablecoins & Quote Assets"
track: "Stablecoins & Quote Assets"
cluster: "Stablecoins & Quote Assets"
level: "Advanced"
primary_icp: ["builder", "stablecoin issuer"]
secondary_icp: ["institutional decision-maker"]
content_type: "reference"
reading_time: "4 min"
last_reviewed: "2026-09-10"
last_verified: "2026-09-10"
volatile: true
prerequisites: ["141-what-are-aligned-quote-assets"]
related: ["147-permissionless-quote-assets-on-hyperliquid", "148-aligned-vs-permissionless-quote-assets"]
---

# Requirements for Becoming an Aligned Quote Asset

Hyperliquid currently documents two generations of aligned quote assets. AQAv2 is the current framework used by USDC. AQAv1 remains documented because its requirements and trading incentives differ materially.

## AQAv2 requires two deployer roles

AQAv2 separates a stablecoin deployment into a treasury deployer and a technical deployer.

The treasury deployer designates the treasury address used for the onchain reserve-yield mechanism. It must stake 500,000 HYPE and maintain sufficient balance for required revenue deductions.

The technical deployer must also stake 500,000 HYPE and ensure reliable minting, redemption, and crosschain transfer infrastructure.

Both roles require at least six months' notice before ceasing operation. Their stake remains slashable during that period for the commitments defined by the protocol.

## Activation requires validator approval

AQAv2 activation occurs by validator vote after both deployers have staked and sent the required authorization transactions from their staking accounts.

The protocol also specifies a 9:1 balance relationship between the treasury address and the technical deployer's linked HyperEVM contract for the HyperEVM balance corresponding to minted HyperCore tokens.

## Reserve sharing is the economic requirement

AQAv2 sends 100% of the AQA reference rate to the protocol, which the documentation describes as approximately 90% of cost-adjusted reserve yield on Hyperliquid supply.

AQAv2 explicitly does not include the trading-fee or fee-tier volume benefits associated with AQAv1.

## AQAv1 had different requirements

AQAv1 required a permissionless quote token plus 800,000 additional staked HYPE, for 1 million HYPE total, and routed 50% of the AQA rate to the protocol. It also imposed backing, redemption, and native-minting conditions and offered trading incentives.

Builders should identify which AQA version applies before hardcoding requirements. For normal quote-token rules, read [Permissionless Quote Assets](/hyperliquid-academy/article/147-permissionless-quote-assets-on-hyperliquid).

## Sources

- https://hyperliquid.gitbook.io/hyperliquid-docs/hypercore/aligned-quote-assets
- https://hyperliquid.gitbook.io/hyperliquid-docs/hypercore/permissionless-spot-quote-assets