We study stochastic dynamic matching on hypergraphs: items of finitely many classes arrive over time and are removed in multisets by activating hyperedges. We characterize stabilizability, the existence of a matching policy under which the queue process is positive recurrent, in terms of the arrival rates and the incidence matrix alone: (G, ) is stabilizable if and only if the conservation equation A = admits a nonnegative solution whose support induces a surjective submatrix, equivalently lies in the interior of the cone generated by the hyperedges. This extends a characterization known for simple graphs (non-bipartiteness together with the independent-set inequalities) to arbitrary hyperedges, allowing multiplicities and mono-edges, and, unlike the constant-regret theory, needs no general-position assumption. Sufficiency is constructive: a single -oblivious policy, Virtual-Queue Match-the-Longest (VQML), a rewardless variant of the Extended Greedy Primal-Dual policy of Nazari and Stolyar, stabilizes every stabilizable instance and is therefore maximally stable.

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