Circle and Hyperliquid have reached a strategic partnership! Deploying native USDC to empower the cross-chain Decentralized Finance ecosystem.

Stablecoin giant Circle announced a strategic partnership with the decentralized exchange Hyperliquid, planning to bring its native stablecoin USDC directly into Hyperliquid's high-performance blockchain ecosystem. This collaboration will utilize Circle's cross-chain transfer protocol (CCTP v2), aiming to simplify the seamless and efficient transfer of USDC across multiple chains, eliminating the reliance on wrapped assets and centralized bridges. Hyperliquid's assets under management (AUM) recently soared to $5.5 billion, and the partnership underscores the surge in market demand for interoperable and high-speed DeFi infrastructure. Hyperliquid's native token HYPE rose by 3% in response.

Native USDC directly to Hyperliquid, powered by CCTP v2 for seamless cross-chain

Circle announced on its official blog that native USDC will soon be launched on the Hyperliquid chain. By integrating the CCTP v2 protocol, this deployment aims to facilitate seamless and efficient asset flow of USDC across supported blockchain networks. This move will significantly boost ecosystem growth, as Hyperliquid's on-chain asset management (AUM) reached $5.5 billion in July, reflecting strong market demand for high-performance, interoperable DeFi infrastructure.

Simplify development and user experience, empower on-chain applications

This collaboration provides convenience for developers. Hyperliquid users will no longer need to go through the lengthy process of wrapping tokens when transferring Circle's native USDC or rely on a Centralized Exchange cross-chain bridge. Instead, they will directly utilize the efficient cross-chain transfer system of CCTP v2, applied to activities such as designing cross-chain integrated applications, executing decentralized exchange (DEX) swaps, and conducting treasury rebalancing.

USDC has a wide range of uses, serving as key collateral and quoted asset

Circle emphasized the core advantages of USDC for Hyperliquid users in the announcement. This stablecoin will play an important role in two key scenarios:

1. Perpetual Contract Trading Collateral: Users can use USDC as margin for trading decentralized derivatives (such as perpetual contracts).
2. Spot trading pair quote asset: USDC will serve as the quote asset for the spot pairs, enhancing the liquidity of the trading pairs.

However, Circle has not disclosed the exact date when USDC will launch on the Hyperliquid chain. Analysts speculate that this may be due to delays in the release of the mainnet and testnet addresses.

Circle accelerates expansion, the USDC ecosystem continues to broaden

It is worth noting that this is not the only recent collaboration from Circle. Since last month, this stablecoin issuer has been actively promoting its USDC multi-chain integration strategy:

• In mid-July, Circle reached a cooperation agreement with Ant Group.
• Another important collaboration is the integration with Sam Altman's World Chain.
• Circle has also introduced USDC to the XRP Ledger (XRPL) through the CCTP protocol.

The integration of Hyperliquid is unique, and the current status of Arbitrum bridge will change

Analysis indicates that Circle's USDC landing on Hyperliquid will be unique. Reliable data shows that although approximately 70% of the stablecoin circulation is already on the Hyperliquid system, these assets primarily exist on the Arbitrum Layer 2 network. Since USDC is not yet directly natively present on the Hyperliquid main chain, users need to complete stablecoin transfers by trading on the DEX and bridging via the Arbitrum network. As more traders adopt this pathway, the total amount of USDC on Arbitrum has surged from $4 billion to $5.5 billion, and the scale of stablecoins on the DEX has also increased by about $1.2 billion. The introduction of native USDC will completely change this process.

Hyperliquid selected for its unique advantages, focusing on performance and ecosystem

Hyperliquid has also been active recently, focusing on expanding its influence in the cryptocurrency ecosystem, particularly in collaboration with stablecoins and the Solana ecosystem. For example, it has partnered with wallet provider Phantom to enable users to conduct cryptocurrency leveraged trading directly from their wallets. The collaboration with Circle further solidifies its influence in the stablecoin space.

Circle pointed out the reason for choosing Hyperliquid, stating that this DEX is a recognized high-performance Blockchain system, with strong capabilities in the Decentralized Finance (DeFi) sector. More importantly, the Hyperliquid system has two key features that are crucial for optimizing stablecoin circulation:

1. HyperCore: Includes fast native features such as order book DEX, providing deep liquidity.
2. HyperEVM: Supports general smart contracts and can directly access the abundant on-chain liquidity provided by HyperCore.

Conclusion: The strong partnership between Circle and Hyperliquid marks the deep integration of high-performance native stablecoins with advanced order book DEX infrastructure. The native USDC direct integration achieved through CCTP v2 will not only greatly simplify users' cross-chain operation experience and reduce reliance on wrapped assets and centralized bridges, but also provide deep liquidity support for decentralized derivatives trading and spot trading pairs within the Hyperliquid ecosystem, empowering developers to build more efficient cross-chain applications. This move further accelerates the penetration of USDC in the multi-chain DeFi ecosystem and highlights the competitive advantages of blockchain platforms like Hyperliquid, which possess unique technical architectures (HyperCore + HyperEVM) and high throughput performance in attracting mainstream stablecoin layouts. As native stablecoins gradually become the cornerstone of on-chain financial infrastructure, such deep integration collaborations will be the key engine driving the next wave of DeFi user growth and innovation.