Circle has just reached a significant milestone: the official launch of native USDC on HyperEVM, accompanied by the implementation of CCTP V2, its cross-chain interoperability protocol. Essentially, users and developers in the Hyperliquid ecosystem can now access the second-largest stablecoin in the market, with seamless transfers and enhanced compatibility.
In the coming weeks, Circle plans to go further by activating direct deposits and full integration on HyperCore. This announcement comes at a strategic moment as competition intensifies in the stablecoin market, especially on Hyperliquid with USDH.
Responding to USDH and the Stablecoin Battle
Behind this expansion lies a clear intent to gain an edge in a field already occupied by USDH. The latter has just been taken over by Native Markets after a governance battle that shook the Hyperliquid community. While the protected ticker announcement and the project battle around USDH undoubtedly bring a lot of visibility, Circle aims to reposition USDC as an essential standard.
Circle Invests in HYPE and Eyes Validation
The real surprise in the announcement is the strategic dimension: Circle becomes a direct investor in the $HYPE token, at the heart of the Hyperliquid ecosystem. More than a mere technical integration, this is a financial and community commitment. Circle even considers becoming a validator on the network, a move that would enhance its influence in protocol governance and security.
Alongside this launch, Circle is now a direct player in the Hyperliquid ecosystem, with our first investments in HYPE tokens and a comprehensive collaboration program with the most innovative developers on HIP-3 and HyperEVM in the community. We are also evaluating the possibility of becoming a Hyperliquid validator.
Additionally, Circle is rolling out new incentive programs for developers building on HyperEVM and HIP-3. The goal is to generate momentum and attract as many projects as possible to USDC, already used in over $40 trillion worth of on-chain transactions since its inception.
World-Class Firepower at Hyperliquid’s Service
If Circle can afford such an offensive, it’s because USDC has an unparalleled global infrastructure. With direct access to banking systems in the U.S., Europe, the U.K., Japan, Brazil, and Singapore, Circle ensures a solid primary and secondary liquidity, capable of competing with USDT on the most traded pairs.
Each USD issued in USDC is backed by a deep and regulated institutional network, strengthening the trust of financial actors. For Hyperliquid, this means one thing: an influx of liquidity and maximum capital efficiency for its users, whether they are traders, developers, or institutions.
Hyperliquid, the New Epicenter
With this announcement, Circle sends a strong signal: Hyperliquid is now considered one of the major ecosystems in the sector. The arrival of native USDC, the investment in $HYPE, and the prospect of a validator role transform this collaboration into a long-term strategic partnership.
As finance increasingly shifts on-chain, the balance between stablecoins will be played out in a few key ecosystems. Hyperliquid, backed by Circle, is clearly positioning itself to become one of these gravitational centers.
