Reap adds Hyperliquid support for direct USDC balance funding

Reap said clients can now generate a Hyperliquid wallet address within its platform and send USDC on the Hyperliquid network directly to fund cards and payment balances. The company said the new funding rail removes the need to route funds through an intermediary exchange or wallet, which can reduce settlement time and operational overhead, improve liquidity management between trading and treasury activity and day-to-day spending, and simplify reconciliation by keeping flows on a single supported rail. The addition expands Reap's on-chain USDC deposit coverage beyond Ethereum, Tron and Polygon. The launch comes after Hyperliquid, an on-chain trading venue, phased out its native stablecoin in May 2026 while Circle expanded its infrastructure role across the network. Reap said USDC is now the platform's dominant collateral asset, meaning the main asset used to back positions, and that stablecoin supply on Hyperliquid nearly doubled year over year to a record $7.04 billion in early June 2026, up almost 20% in a single month. Harris Leow, Head of Product, Reap, said the integration creates a more direct bridge between on-chain USDC holdings and the balances businesses use in daily operations, while the company said it is exploring broader Hyperliquid utility across additional products and solutions over time.

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