Circle expands USDC integration by launching native stablecoin support and CCTP V2 on Hyperliquid, signaling deeper engagement with one of DeFi’s fastest-growing ecosystems.
Circle has broadened its role in decentralized finance by investing in Hyperliquid’s ecosystem and launching native USDC alongside the Cross-Chain Transfer Protocol (CCTP) V2. The stablecoin will now run on HyperEVM, enabling deposits across HyperCore and related applications while offering cross-chain interoperability. Hyperliquid’s assets under management recently surpassed $5.5 billion, with $1.2 billion attributed to new USDC inflows. Circle also acquired HYPE tokens and may become a validator, reinforcing its long-term commitment. The expansion highlights Hyperliquid’s dominance, which includes 70% of USDC’s liquidity share on Arbitrum and $106 million in August revenue from perpetuals.