Circle Deploys Native USDC and CCTP V2 on Hyperliquid Platform

Circle, the issuer of the second-largest stablecoin by market capitalization, has deployed native USDC and the Cross-Chain Transfer Protocol (CCTP) version 2 on Hyperliquid’s blockchain platform. The integration allows direct deposits of USDC into HyperCore, the protocol’s order-book infrastructure, and any application on HyperEVM, the EVM-compatible smart contract layer of the platform [1]. This move eliminates the need for users to wrap or bridge their USDC before interacting with DeFi applications, streamlining processes and reducing counterparty risks associated with third-party bridges [2].

The deployment marks a significant step in enhancing the utility and security of USDC. By leveraging a fully-reserved, regulated stablecoin redeemable 1:1 with the U.S. dollar, the integration reinforces institutional confidence in the asset [3]. Circle’s regulatory compliance and institutional-grade tools such as Circle Mint further support the transition from wrapped assets to native USDC, enabling smoother capital flows and reducing settlement friction [4]. Developers can now build applications with cross-chain interoperability through CCTP V2, which facilitates 1:1 capital transfers between Hyperliquid and other EVM-compatible networks [5].

The collaboration supports a range of DeFi use cases, including cross-chain onboarding, liquidity provision, and treasury management. By reducing reliance on third-party intermediaries, the integration aligns with broader trends of standardization and trust in the DeFi ecosystem [6]. The move also highlights the growing importance of institutional-grade infrastructure in decentralized finance, as platforms seek to attract both retail and institutional participants [7].

Recent data shows that Hyperliquid has surpassed 591,932 users, with cumulative deposits reaching $113.74 billion [8]. The platform’s strong user base, combined with Circle’s regulatory compliance and liquidity infrastructure, positions both entities to further expand their presence in the DeFi space. Circle’s USDC, with a market capitalization exceeding $64.17 billion, continues to play a pivotal role in the crypto market [9].

The integration is expected to foster innovation in decentralized finance by reducing friction between platforms and enabling more efficient capital flows. As major players in the crypto space continue to prioritize interoperability and security, partnerships such as this are likely to play a central role in shaping the future of DeFi [10].

Sources:

[1] Circle. (2025). 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

[2] Crypto Briefing. (2025). Circle to Bring USDC and CCTP v2 to Hyperliquid. https://cryptobriefing.com/native-usdc-integration-hyperliquid/

[3] The Block. (2025). Circle Says Native USDC and CCTP v2 Are Coming to Hyperliquid. https://www.theblock.co/post/365036/circle-native-usdc-cctp-hyperliquid

[4] CryptoDnes.bg. (2025). Circle Announces Native USDC and CCTP v2 Integration on Hyperliquid. https://cryptodnes.bg/en/circle-announces-native-usdc-and-cctp-v2-integration-on-hyperliquid/

[5] Crypto News. (2025). 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/

[6] MEXC. (2025). Circle Chooses Hyperliquid as Its Next USDC Stronghold. https://www.mexc.com/news/circle-chooses-hyperliquid-as-its-next-usdc-stronghold-amid-5-5b-aum-boom/63157

[7] AInvest. (2025). Circle Expands DeFi Reach via Hyperliquid Integration. https://www.ainvest.com/news/circle-expands-defi-reach-hyperliquid-integration-platform-surpasses-5-5b-aum-2507/

[8] blockzeit.com. (2025). Hyperliquid To Unlock Native USDC And CCTP V2 Support. https://blockzeit.com/hyperliquid-to-unlock-native-usdc-and-cctp-v2-support/

[9] X. (2025). Circle Deploys Native $USDC on Hyperliquid. https://x.com/CryptoVerse_Co/status/1950920969109061850

[10] CoinMarketCap. (2025). Circle Deploys Native USDC and CCTP V2 on HyperEVM. https://coinmarketcap.com/community/articles/688c0827d0f3561b92a4be78/