Users of the Hyperliquid derivatives platform are set for a smoother trading experience as Circle launches a native version of its USDC stablecoin.
The integration, powered by Circle’s upgraded Cross-Chain Transfer Protocol (CCTP v2), will allow for faster and cheaper deposits and withdrawals directly on Hyperliquid’s network.
This native support strengthens the position of USDC, which is already the backbone of trading on Hyperliquid with $6 billion in reserves.
The announcement comes alongside news that Circle has taken a stake in the platform’s HYPE token, signaling a long-term commitment to the ecosystem’s growth, even as it prepares to welcome a new native competitor stablecoin, USDH.
