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Circle brings native USDC to Hyperliquid
- Circle adds USDC to Hyperliquid via CCTP v2, making it easier to transfer stablecoins between different blockchains.
Circle adds #USDC to Hyperliquid via CCTP v2, making it easier to transfer stablecoins between different #blockchains .
Hyperliquid's assets grew to $ 5.5 billion and the HYPE #token added 3% after the partnership was announced.
The USDC will make it easier to trade and develop applications, eliminating the need for wrapped tokens or bridges.
Circle announced a strategic partnership with Hyperliquid, embedding its USDC stablecoin in Hyperliquid's high-performance blockchain ecosystem. This partnership is expected to simplify the transfer of stablecoins between different blockchains using Circle's cross-chain transfer protocol (CCTP v2).
In a recent blog post, Circle announced the imminent launch of native USDC on Hyperliquid. By integrating CCTP v2, the company aims to enable smooth and efficient movement of USDC between supported blockchains.
The integration supports ecosystem growth, with Hyperliquid's assets under management (AUM) reaching $ 5.5 billion in July. The partnership underscores the growing demand for interoperable, high-speed DeFi infrastructure.
the Partnership has also made developers' jobs easier. When migrating Circle's native USDC, Hyperliquid users won't be using wrapped tokens and centralized bridges, which is long. Instead, they will use the optimized CCTP v2 transfer system in operations such as application development for cross-network integration, swaps, and treasury rebalancing.
In its official statement, Circle told Hyperliquid users about the benefits of USDC.
