Hyperliquid Integrates Circle’s USDC and CCTP V2 to Boost DeFi Ecosystem

• 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 …

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