Coinbase expands into Hyperliquid with USDC deal, USDH brand assets takeover

Coinbase announced it will act as the official treasury deployer for USDC stablecoins on the Hyperliquid network, a milestone partnership that centralizes USDC treasury operations and supports on-chain liquidity. The move boosts crypto adoption and DeFi integration by linking CEX-grade treasury services to a DEX-native network, potentially increasing USDC liquidity and Hyperliquid network activity.