USDC Launches on Hyperliquid as Circle Takes Stake

Summary:
Circle has officially launched its native USDC on Hyperliquid's HyperEVM layer, marking a significant step in expanding the reach of its stablecoin. This implementation comes equipped with an upgraded Cross-Chain Transfer Protocol (CCTP v2) designed for seamless transactions across multiple blockchain networks. Furthermore, Circle has invested in Hyperliquid, becoming a stakeholder as the platform sees rapid growth in its user base and liquidity.

Key Takeaways

Circle has launched native USDC on Hyperliquid’s HyperEVM layer, enhancing cross-chain transactions.
The upgraded Cross-Chain Transfer Protocol (CCTP v2) allows for smoother USDC movement across various blockchains.
Circle has invested in Hyperliquid, further supporting its ecosystem's growth and considering a validator role.
Hyperliquid is experiencing significant success, with rising revenues and total value locked in the platform.
The introduction of Hyperliquid's own USDH stablecoin is also generating excitement.

USDC goes live on Hyperliquid as Circle joins as stakeholder - 1

Circle’s Native USDC Launch on Hyperliquid

Circle has launched its native USDC on the Hyperliquid platform's HyperEVM layer, bringing with it the enhanced Cross-Chain Transfer Protocol (CCTP v2). This advancement allows users to move USDC effortlessly across over a dozen blockchain networks. The native version of USDC means that users on HyperEVM no longer rely on wrapped versions, simplifying the processes of trading, minting, and carrying out cross-chain transfers. Circle has stated that soon, USDC will feature direct deposits and full interoperability via HyperCore, which will accelerate access and functionality for developers and decentralized applications (dApps) operating within the ecosystem.

Explore Native USDC on HyperEVM

Use the world’s largest regulated stablecoin as collateral, and access DeFi liquidity across the HyperEVM network.

Upcoming: Direct HyperEVM ↔ HyperCore Connectivity

Hyperliquid. https://t.co/9LBsy2oirr — USDC (@USDC) September 16, 2025

Circle also plans to roll out tools and incentive programs aimed at HyperEVM and HIP-3 builders. This initiative is part of its wider vision to create a comprehensive internet financial platform. Circle's goal is to facilitate the transition of global finance onto the blockchain, ultimately enabling "hundreds of trillions of dollars" in economic activity. In addition to the launch, Circle has become a direct stakeholder in the Hyperliquid ecosystem.

Circle Invests in Hyperliquid's Growth

In a recent announcement, Circle disclosed its first investment in the Hyperliquid token, HYPE. While the exact number of tokens purchased was not revealed, Circle is considering taking on a validator role to help strengthen the network and engage in governance activities. This investment comes at a time when the Hyperliquid ecosystem is witnessing rapid expansion. According to on-chain data tracker DefiLlama, the monthly revenue for Hyperliquid has surged to approximately $106 million, reflecting a 23% increase since July. Additionally, the total value locked on its Layer-1 has reached around $670 million, indicating the platform's increasing liquidity and user adoption.

Hyperliquid has garnered attention for its operational efficiency, recently recognized as the most productive company globally based on revenue per employee, with over $1 billion in annualized revenue generated by just an 11-person team. This growth is mirrored in its native HYPE token's performance, which recently hit an all-time high near $57 and maintains daily trading volumes exceeding $500 million. The demand for staking and participation in governance signifies HYPE's critical role in the network's economy.

Circle has praised Hyperliquid’s impressive growth and emphasized that its investment, alongside the USDC launch, will serve to propel further development. The company is committed to working with the Hyperliquid community to broaden investments and partnerships to foster widespread adoption.

In the meantime, interest around Hyperliquid's forthcoming USDH stablecoin is building. Following a week of competition among various issuers, Native Markets has secured the USDH ticker, with a launch expected in the coming days. Initial operations for the stablecoin will commence with limited transactions before expanding to include a USDH/USDC trading pair.