Circle isn’t taking chances.
Days after Hyperliquid voted to launch USDH — a native stablecoin designed to funnel yield back into the protocol — Circle dropped its counterpunch: native USDC on Hyperliquid, complete with CCTP V2 for seamless cross-chain transfers across 14+ blockchains. [RELEASE]
For those catching up: last week, Hyperliquid voted for USDH, a “yield-sharing” stablecoin that could redirect ~$200M a year (10% of Circle’s revenue) from USDC reserves back to the ecosystem. Paxos, Agora, and others battled to be issuer. Native Markets won.
