Circle won't assist if you mistakenly send stablecoins to the wrong address due to poor UI/UX.

Circle won't assist if you mistakenly send stablecoins to the wrong address due to poor UI/UX.

Circle, the stablecoin issuer, has announced a significant upgrade to its integration with Hyperliquid, aiming to improve liquidity and reduce bridge risks. The company will deploy native USDC and its Cross-Chain Transfer Protocol (CCTP) v2 to Hyperliquid, replacing the reliance on third-party bridges [1].

The upgrade comes as USDC balances on Hyperliquid have grown, doubling to over $4.9 billion last week. Circle's native USDC will enable direct minting and redemption, along with 1:1 cross-chain transfers. This will simplify treasury rebalancing and cross-chain onboarding for users and builders [1].

The rollout will occur on HyperEVM, allowing deposits to HyperCore and integration across HyperEVM apps. Mainnet contract details are expected soon. Circle's move is part of its broader strategy to push for chain-abstracted USDC, as seen with the Circle Gateway project [1].

Additionally, Hyperliquid recently addressed an API outage attributed to traffic, with automated refunds planned for impacted users [1].

In parallel, Visa has expanded its stablecoin settlement infrastructure by integrating three new digital assets—PayPal USD (PYUSD), Global Dollar (USDG), and EURC—into its global payment platform. The move is part of Visa's effort to build a "multicoin and multichain foundation" [2].

Visa's expansion underscores its focus on cross-border payment solutions leveraging stablecoins. The integration with Paxos allows select pilot participants to conduct settlements using USD- and EUR-backed stablecoins, further diversifying the digital assets available on the Visa network [2].

References:
[1] https://www.theblock.co/post/365036/circle-native-usdc-cctp-hyperliquid
[2] https://www.ainvest.com/news/visa-expands-stablecoin-settlements-3-coins-2-blockchains-2508/