Circle Deploys Native USDC and CCTP V2 on Hyperliquid Boosting DeFi Efficiency

Circle, the issuer of USDC, has launched native USDC and the Cross-Chain Transfer Protocol (CCTP) version 2 on the Hyperliquid blockchain as of July 31, 2025, marking a significant step in enhancing decentralized finance (DeFi) utility. This integration allows for native stablecoin transfers within the Hyperliquid ecosystem, potentially improving cross-chain efficiency and reducing reliance on intermediaries for value movement [1].

The move is expected to benefit Hyperliquid's DeFi ecosystem by increasing liquidity and capital efficiency, aligning with broader trends seen in previous USDC integrations on chains like Arbitrum and Optimism. Since the announcement, the native HYPE token has seen a notable 3% price increase, reflecting positive market sentiment [1].

Hyperliquid, known for its fast on-chain trading capabilities, currently manages over $5.5 billion in assets. The integration of native USDC is anticipated to further strengthen its position in the DeFi space, possibly boosting the Total Value Locked (TVL) and attracting more institutional interest. The platform has already garnered strong support from market participants, including institutional investors, who are optimistic about its growth trajectory [1].

Circle’s CEO, Jeremy Allaire, has consistently emphasized expanding USDC’s utility across multiple blockchains, a strategy that positions the stablecoin as a key infrastructure asset for DeFi protocols. The deployment of native USDC and CCTP V2 on Hyperliquid not only reinforces this strategy but also demonstrates the potential for increased cross-chain DeFi adoption and interoperability. The initiative reflects growing interest in leveraging stablecoins for seamless value transfer and liquidity provisioning across decentralized networks [1].

Historically, major stablecoin integrations have led to increased protocol activity and broader participation in DeFi. This development on Hyperliquid may follow a similar trajectory, potentially triggering a wave of new applications and user growth in its ecosystem. As more DeFi platforms seek to optimize for speed, cost, and liquidity, integrations like the one between Circle and Hyperliquid become increasingly strategic.

Source: [1] Circle Launches Native USDC and CCTP V2 on Hyperliquid https://coinmarketcap.com/community/articles/688b83ba680c444f8ca7e97c/