Circle Launches Native USDC and CCTP V2 on Hyperliquid as AUM Surpasses $5.5B

Circle has launched native USDC and the updated Cross-Chain Transfer Protocol (CCTP) version 2 on Hyperliquid, a decentralized trading platform that has surpassed $5.5 billion in assets under management [1]. This integration is a strategic move to expand the utility of USDC across decentralized finance (DeFi) protocols and enhance cross-chain interoperability [2]. The deployment allows users to transfer native USDC directly between Hyperliquid and other blockchains without relying on wrapped tokens or third-party intermediaries, thereby enabling faster, more secure, and trustless transactions [3].

Hyperliquid, which already holds 70% of USDC on Arbitrum, is now offering users the ability to deposit native USDC into HyperCore, its core trading infrastructure, or use it within HyperEVM-based applications for settlement and liquidity provision [4]. This development aligns with the growing trend in DeFi where native stablecoin support is increasingly seen as a critical infrastructure upgrade that enhances capital efficiency and reduces risk [5]. The move is expected to increase Hyperliquid’s Total Value Locked (TVL) and attract more institutional interest, as reflected by the 3% rise in the native HYPE token following the announcement [6].

Circle’s decision to expand USDC’s availability to Hyperliquid reflects its broader strategy to establish the stablecoin as a foundational asset across multiple blockchain ecosystems [7]. The company has previously integrated USDC with platforms such as Arbitrum and Optimism, and the Hyperliquid deployment further solidifies its position as a key player in the DeFi space [8]. The timing of the integration also capitalizes on Hyperliquid’s recent momentum, as the platform has seen a surge in both user and capital inflows, managing over $5.5 billion in assets [9].

By eliminating reliance on third-party bridges, the deployment of native USDC on Hyperliquid enhances the security and efficiency of cross-chain transactions [10]. This is in line with broader industry efforts to reduce the use of centralized intermediaries and improve the seamless movement of value across blockchain networks [11]. The integration also leverages the updated CCTP v2, which streamlines value transfers without requiring custodial infrastructure [12].

Historically, major stablecoin integrations have led to increased activity on DeFi platforms and broader participation from both retail and institutional actors [13]. This development on Hyperliquid is expected to follow a similar trajectory, potentially triggering a wave of new applications and user growth as more protocols optimize for speed, cost, and liquidity [14]. As DeFi continues to evolve, partnerships like the one between Circle and Hyperliquid underscore the growing role of stablecoins as a bridge between traditional finance and the decentralized economy [15].

Source: [1] Circle Launches Native USDC on CCTP V2 on Hyperliquid

https://cryptonews.com/news/circle-launches-native-usdc-and-cctp-v2-on-hyperliquid-as-platform-tops-5-5b-aum/

[2] Circle Announces Native USDC and CCTP V2 Integration on Hyperliquid

https://cryptodnes.bg/en/circle-announces-native-usdc-and-cctp-v2-integration-on-hyperliquid/

[3] Circle to bring USDC and CCTP v2 to Hyperliquid

https://cryptobriefing.com/native-usdc-integration-hyperliquid/

[4] Circle Expands DeFi Reach via Hyperliquid Integration as Platform Surpasses $5.5B AUM

https://www.ainvest.com/news/circle-expands-defi-reach-hyperliquid-integration-platform-surpasses-5-5b-aum-2507/

[5] Hyperliquid to Support Native USDC Amid $5.5B Surge in AUM

https://coindoo.com/hyperliquid-to-support-native-usdc-amid-5-5b-surge-in-aum/

[6] Circle Launches Native USDC and CCTP V2 on Hyperliquid

https://coinmarketcap.com/community/articles/688b83ba680c444f8ca7e97c/

[7] Circle chooses Hyperliquid as its next USDC stronghold amid $5.5B AUM boom

https://www.mexc.com/news/circle-chooses-hyperliquid-as-its-next-usdc-stronghold-amid-5-5b-aum-boom/63157

[8] Native USDC & CCTP V2 are Coming to Hyperliquid

https://www.circle.com/blog/native-usdc-cctp-v2-are-coming-to-hyperliquid-what-you-need-to-know

[9] Hyperliquid To Unlock Native USDC And CCTP V2 Support

https://blockzeit.com/hyperliquid-to-unlock-native-usdc-and-cctp-v2-support/

[10] Circle Deploys Native USDC and CCTP V2 on Hyperliquid

[11] Circle Expands DeFi Reach via Hyperliquid Integration as Platform Surpasses $5.5B AUM

[12] Circle Deploys Native USDC and CCTP V2 on Hyperliquid

[13] Circle Launches Native USDC and CCTP V2 on Hyperliquid

[14] Circle Expands DeFi Reach via Hyperliquid Integration as Platform Surpasses $5.5B AUM

[15] Circle Deploys Native USDC and CCTP V2 on Hyperliquid