Circle’s Strategic USDC Expansion: Hyperliquid Investment and DeFi Integration

USDC News - Circle, the issuer of USDC, has made a strategic investment in Hyperliquid's ecosystem through its first-ever purchase of HYPE tokens. This development coincides with the launch of native USDC and Cross-Chain Transfer Protocol (CCTP) V2 on Hyperliquid, positioning the stablecoin at the core of one of DeFi's fastest-growing platforms. The integration will deploy USDC on HyperEVM, Hyperliquid's smart contract layer, enabling seamless deposits across HyperCore and applications built on the network. CCTP V2 interoperability will facilitate frictionless USDC transfers between Hyperliquid and other supported blockchains. Circle emphasized that USDC on Hyperliquid remains fully reserved and redeemable 1:1 for U.S. dollars while benefiting from institutional-grade liquidity. This partnership signals growing institutional confidence in decentralized finance infrastructure and represents a significant milestone for USDC's expansion in the DeFi landscape.