Circle to Launch Its Native USDC Stablecoin on Hyperliquid
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Circle confirmed native USDC and CCTP V2 integration on Hyperliquid, supporting faster cross-chain USDC transfers. Hyperliquid captured 70% of USDC on Arbitrum, with AUM rising from under $4B to $5.5B. HYPE token traded at $43.97, holding above the 50-day EMA and showing neutral RSI near 52. Circle confirmed the upcoming launch of native USDC and CCTP V2 bridging protocol on the Hyperliquid blockchain. Hyperliquid is a high-performance blockchain that combines a native order book DEX (HyperCore) with a smart contract platform (HyperEVM). The integration will allow native USDC to be deployed on HyperEVM for direct use in trading and across all of its applications. Native USDC, issued by Circle’s regulated affiliates, maintains a 1:1 redemption with U.S. dollars and gives institutional users access to Circle Mint for compliant on- and off-ramps. CCTP V2 to help seamless USDC transfers Alongside native USDC, the launch of CCTP V2 will bring cross-chain transfer functionality. This will let you move USDC between Hyperliquid and other blockchains with full capital efficiency, eliminating the risks of using wrapped or synthetic tokens. Key use cases for this integration include using native USDC as both collateral and a quote asset for perpetuals and spot trading on Hyperliquid’s high-speed DEX. Hyperliquid Captures 70% of USDC on Arbitrum The Hyperliquid ecosystem has grown rapidly, capturing as much as 70% of all USDC on the Arbitrum network and increasing its assets under management from under $4 billion to $5.5 billion in just one month. Circle announced native USDC and CCTP V2 launching on Hyperliquid. Hyperliquid’s already capturing 70% of USDC on Arbitrum. AUM for Hyperliquid (+Unit) surged from under $4B to $5.5B this month, with USDC on Hyperliquid growing by ~$1.2B. https://t.co/td8bbAYnQi — Wu Blockchain (@WuBlockchain) July 31, 2025 Circle has not yet released the official contract addresses for USDC on…
Filed under: News - @ August 1, 2025 6:24 am