Circle Launches Native USDC on HyperEVM, Becomes Stakeholder in Hyperliquid
Circle just dropped a bombshell in DeFi—native USDC lands on HyperEVM, and they're taking a stake in Hyperliquid. This isn't just another integration; it's a strategic power move.
Why HyperEVM Matters
HyperEVM isn't your average blockchain. It's built for high-throughput derivatives trading, and now it's got the world's second-largest stablecoin running natively. No bridges, no wrapping—just pure, seamless USDC. That means faster settlements, lower fees, and zero counterparty risk. Traders win. Liquidity wins. Circle wins.
The Stakeholder Play
Circle didn't stop at integration. They bought into Hyperliquid, signaling deep conviction in the platform's future. This isn't charity—it's a calculated bet on the next generation of decentralized exchanges. Hyperliquid's volume has been climbing, and Circle wants a piece of the action. Smart money moves quietly.
What This Means for Crypto
More institutional rails, less friction. Circle's expansion into HyperEVM pushes USDC deeper into derivatives and perpetuals—a market hungry for reliable stablecoins. Meanwhile, legacy finance still argues about wire transfers. Classic.
Bottom line: Circle isn't playing defense. They're attacking new verticals, stacking partnerships, and cementing USDC as the stablecoin of choice for serious traders. The message is clear—adapt or get left behind.
Circle has hit a major milestone with the Hyperliquid ecosystem.
Native USDC and CCTP V2 Now Live on HyperEVM
In a latest blog post, it announced the official launch of Native USDC and CCTP V2 on HyperEVM. This brings the world’s most reliable and liquid dollar stablecoin directly to the Hyperliquid community.
With native USDC on HyperEVM, CCTP V2 interoperability, and upcoming HyperCore support, Hyperliquid users and developers can easily move digital dollars across the entire crypto ecosystem. Fintechs, on/off-ramp providers, and other services can also integrate seamlessly with Hyperliquid with the most liquid digital dollar in the world.
Developers, institutions, and traders can now access the world’s largest regulated stablecoin on HyperEVM, with the ability to securely make cross-chain deposits from more than a dozen blockchains.
In the coming weeks, direct deposits and CCTP interoperability for Hyperliquid USDC on HyperCore will also go live.
Circle: A Direct Stakeholder in Hyperliquid
Notably, Circle has now become a direct stakeholder in the Hyperliquid ecosystem with their first HYPE token investments and launched a program to collaborate with the most innovative HIP-3 and HyperEVM builders. The team is also exploring the possibility of becoming a Hyperliquid Validator.
Circle said in the blog post that connecting with the Hyperliquid Core team and many startups and developers building on HyperEVM and HIP-3 over the past few months has been a real pleasure. They called the community’s energy, creativity, and innovation one of the most impressive in the crypto ecosystem.
“Strong Validation of Hyperliquid”
Matthew Sigel reacted to the news, calling it a major milestone. He described it as a clear validation of Hyperliquid’s status as an independent LAYER 1.
Major milestone: Circle brings USDC natively to Hyperliquid. Clear validation of Hyperliquid’s status as an independent L1. https://t.co/zJRjHx6X1g
Analyst DeFiyst highlighted this as a “last-ditch effort” to save the $5.3 billion USDC on Hyperliquid that is expected to be swapped into USDH. He notes that while this represents only about 7% of USDC in circulation, it could account for 12–15% of Circle’s revenue once fees paid to exchanges and chains are considered.
USDH Set to Launch
This comes ahead of Hyperliquid’s upcoming native stablecoin, USDH. Native Markets has secured the USDH ticker. This followed a community-led governance process and a competitive bidding phase that included major firms like Paxos, BitGo, Ethena, and Frax, highlighting strong community support.
