Announced on September 16, 2025, Circle has launched native USDC on Hyperliquid. This integration brings the world’s leading dollar-backed stablecoin directly into one of the fastest-growing DeFi platforms. What does this mean for users, developers, and the broader crypto economy? Let’s dive in.
Understanding the Launch: Native USDC and CCTP V2
Circle’s decision to launch native USDC on Hyperliquid’s HyperEVM marks a significant expansion. Unlike bridged versions, native USDC operates seamlessly on the network, reducing risks and friction associated with cross-chain transfers. Paired with the upgraded Cross-Chain Transfer Protocol (CCTP V2), it allows effortless movement of USDC across over 14 blockchains, including Ethereum and Solana.
This rollout isn’t just technical, it’s strategic. In the coming weeks, Circle plans to extend direct deposits and interoperability to HyperCore, Hyperliquid’s core trading platform for spot and perpetuals. This could unlock unprecedented liquidity for traders and institutions alike.
Key Benefits of Circle Launching Native USDC on Hyperliquid
The integration offers tangible advantages across the board:
- Enhanced Liquidity and Efficiency: Users gain access to USDC’s trillions in global liquidity, backed by regulated infrastructure and banking connections in key regions like the US, UK, EU, and Asia.
- Seamless Interoperability: CCTP V2 enables fast, secure transfers, minimizing fees and bridging vulnerabilities while supporting on/off-ramps through Circle Mint.
- Developer Tools and Incentives: Builders on HyperEVM and HIP-3 can leverage Circle’s SDKs, APIs, and new incentive programs, fostering innovation in dApps and protocols.
- Institutional Appeal: With over $40 trillion in on-chain volume and a perfect 1:1 peg history, $USDC provides stability for enterprises entering DeFi.
Circle’s Deeper Commitment: Investments and Future Plans
Beyond the tech, Circle is investing directly in Hyperliquid’s success. The company has acquired stakes in HYPE tokens, becoming a stakeholder, and is exploring validator roles to secure the network. This “skin in the game” approach signals long-term collaboration, with Circle pledging resources for community-driven growth.
As DeFi evolves, Circle launching native USDC on Hyperliquid could bridge traditional finance and blockchain more effectively, driving adoption amid regulatory scrutiny.
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