Circle has rolled Native USDC on hyperliquid’s HyperevM chain and took a direct interest in the network, so that a deeper push is marked to expand the range of the Stablecoin and to support the fast-growing Defi-platform.
Summary
- Circle launched native USDC on hyperliquid’s hyperevm.
- The Stablecoin emittent has also become a stakeholder due to a hype tuck investment while keeping an eye on the potential validator roller.
- The growth of Hyperliquid accelerates, with Augustus trading of $ 39 billion on Perpetuals and TVL near $ 670 million.
Circle has officially announced The launch of Native USDC on the HyperevM layer of Hyperliquid, which introduces the improved Cross-Chain transfer protocol (CCTP V2) to enable seamless movement of USDC over more than a dozen blockchain networks.
The native launch means that USDC users on HyperevM no longer need packed versions, reducing friction for trade, mining and cross-chain transfers. The Stablecoin emittent confirmed that USDC will soon have direct deposit and complete interoperability via Hypercore, which improves the speed and access for developers and DAPPS building in the ecosystem.
Circle is also launching tools and stimulation programs for HyperevM and HIP-3 builders. It has framed the hyperliquid movement as part of a broader strategy to build what it calls a ‘full-stack internet financial platform’, and says that it wants to support the transition from global financing at the chain and ultimately enable ‘hundreds of billions of dollars’ in economic activity.
In addition to this integration, Circle has also become a direct stakeholder in the hyperliquid ecosystem.
Circle buys Hyperliquid -Tokens in the middle of network growth
In a separate editionThe Stablecoin emittent announced that he made his first investment in hype (hype) token. The number of tokens purchased was not revealed and the company added that it is now considering a validator role to help secure the network and participate in governance.
Circle’s entry comes when the Hyperliquid ecosystem expands quickly. On-Chain Datatracker Defillama Shows the monthly turnover has risen to around $ 106 million, a jump of 23% from July, while the total value at its low-1 has grown to around $ 670 million, which underlines the growing liquidity and trader base of the platform.
Hyperliquid has also drawn attention to efficiency and has recently become the most productive company in the world through income per employee, which generates more than $ 1 billion in annual income with only one personnel of 11 people.
The growth is reflected in its indigenous hype token, which recently set a recently high near $ 57 and remains daily trade volumes above $ 500 million. Strong demand for the commitment and participation of governance has strengthened the role of hype in the center of the economy of the network.
Circle described the rise in hyperliquid as impressive and said that the investment and USDC launch will help feed further growth. The company added that it will continue to work with the Hyperliquid community, expanding investments and partnerships to stimulate acceptance.
In the meantime, Buzz is growing around Hyperliquid’s own USDH Stablecoin separately. After an intense competition of a week by different emennials to actively launch it, the USDH Ticker was recently awarded in Native Markets, which is now expected to launch in the coming days. As previously reported by crypto.news, early operations will start with limited transactions before a broader rollout with a USDH/USDC trading savings.
