Overview
- Circle will integrate native USDC and its upgraded Cross-Chain Transfer Protocol V2 directly into Hyperliquid’s HyperEVM layer.
- Native USDC brings a regulated, fully reserved digital dollar that eligible users can mint and redeem 1:1 for US dollars via Circle Mint.
- CCTP V2 enables seamless, one-to-one transfers of native USDC between Hyperliquid and supported blockchains, removing the need for custodial bridges.
- The deployment aligns stablecoin issuance with Hyperliquid’s $150 billion in monthly derivatives volume and over $5.5 billion in assets under management.
- Developers can leverage native USDC and CCTP V2 on HyperEVM to build cross-chain DeFi applications for onboarding, swapping, purchasing and treasury rebalancing.