Circle launches native USDC on Hyperliquid alongside bridged version

Circle announced its expansion on the Hyperliquid chain, with a native version of ￰0￱ asset will be added to the existing bridged USDC, expanding Circle’s influence. Circle, ￰1￱ the launch of a native USDC version on the Hyperliquid native ￰2￱ version will be added to the balance of bridged USDC, at over $5.9B. The decision to integrate Circle breaks away from the scenario where USDC abandons Hyperliquid, to be replaced completely by ￰3￱ recent decision will mean both stablecoins will coexist on the perpetual futures ￰4￱ Allaire, co-founder of Circle, announced that USDC would expand with a HyperEVM version, in addition to a CCTP V2 facility for cross-chain ￰5￱ will also become one of the chain’s stakeholders after acquiring a share of HYPE ￰6￱ and USDC Expansion with Hyperliquid Today marks a major milestone in our expansion and engagement with the Hyperliquid ecosystem, with the official launch of Native USDC and CCTP V2 on HyperEVM, bringing the world’s most reliable, liquid, interoperable and globally… — Jeremy Allaire – ￰7￱ (@jerallaire) September 16, 2025 The native version was announced just a day after Hyperliquid’s team prepares to launch the USDH ￰8￱ Cryptopolitan reported , Hyperliquid picked the Native Markets team to launch the ￰9￱ before the announcement, Circle also bridged 2M USDC from Arbitrum to HyperEVM, though the amount was relatively small compared to the scale of Hyperliquid’s ￰10￱ partnership with Circle also calms the fears of USDC being transferred out of ￰11￱ now, the USDC token remains the main source of liquidity and ￰12￱ main stablecoin on Hyperliquid may result in up to $200M in fees for the ￰13￱ future liquidity and growth of Hyperliquid will show if USDC and USDH are complementary or will be competing for ￰14￱ the issuer of a native asset, Circle secured its position within the Hyperliquid ￰15￱ one of the major assets, Circle may receive a significant share of fees from trading ￰16￱ HYPE may also boost the revenues of Circle from the ￰17￱ recently, USDT and USDC were not subjected to staking requirements due to the well-established liquidity and influence of the ￰18￱ September 2025, Circle held 8.20% of its supply of USDC on ￰19￱ issuer earned up to $109M to date from bridging and USDC ￰20￱ remains to be seen how the native USDC will affect the activity of the Arbitrum-Hyperliquid bridge , which was the main point of entry for USDC into the Hyperliquid ￰21￱ measures Hyperliquid liveliness USDC deposits give a glimpse of the activity on ￰22￱ token has become a proxy for whale activity, as well as the liquidity trends on the ￰23￱ deposits became more frequent in September, though transferring lower amounts. |