Circle's Global Dollar Vision Powers Hyperliquid's Cross-Chain Trading Revolution

Hyperliquid, a high-performance blockchain platform, has expanded its integration with Circle’s USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) V2 on its HyperEVM layer, enhancing cross-chain interoperability and institutional access. This development enables users to transfer USDC across multiple blockchain networks through Circle’s infrastructure, improving the efficiency and accessibility of decentralized trading on Hyperliquid’s Ethereum Virtual Machine (EVM)-compatible platform.

The integration underscores Circle’s broader strategy to deepen USDC’s utility across the crypto ecosystem. As part of this expansion, Circle has also become a direct stakeholder in the Hyperliquid ecosystem, investing in HYPE tokens and supporting developers building on HyperEVM and HIP-3 protocols. Additionally, the firm is evaluating the possibility of becoming a Hyperliquid Validator, signaling a long-term commitment to the platform’s growth.

Hyperliquid’s HyperEVM layer, launched in February 2025, allows developers to deploy EVM-compatible smart contracts while leveraging the platform’s high-speed consensus and native financial primitives. This integration of USDC and CCTP V2 into HyperEVM further solidifies Hyperliquid’s position as a leading decentralized trading infrastructure, offering institutions and retail users a seamless experience for cross-chain asset management.

The platform’s dual-layer architecture—combining HyperCore for execution and HyperEVM for smart contract deployment—has enabled Hyperliquid to process hundreds of thousands of transactions per second with sub-second finality. As of mid-2025, Hyperliquid captured over 73% of decentralized perpetual trading volume and reported a total value locked (TVL) of $5 billion, driven by the success of its Unit tokenization layer and HyperEVM ecosystem. These metrics highlight the growing institutional and retail adoption of the platform.

Circle’s integration of USDC and CCTP V2 aligns with its long-term vision to establish a global digital dollar infrastructure. Over the past eight years, Circle has built deep primary and secondary liquidity for USDC, with the stablecoin facilitating nearly $40 trillion in onchain transactions as of September 2025. The ability to seamlessly transfer USDC across chains through CCTP V2 expands its utility, allowing developers and traders to leverage the same liquidity across multiple platforms.

The strategic collaboration between Hyperliquid and Circle also reflects a broader trend in the blockchain industry toward interoperability and cross-chain liquidity. As more platforms adopt EVM-compatible infrastructure and cross-chain protocols, the barriers between different blockchain ecosystems continue to diminish, enabling a more interconnected and efficient digital asset landscape. Hyperliquid’s integration with USDC and CCTP V2 exemplifies this shift, providing a scalable solution for institutional and retail users seeking to access decentralized markets with minimal friction.