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Circle is in the process of incorporating the USDC stablecoin along with the CCTP V2 protocol into the Hyperliquid blockchain ecosystem, facilitating cross-chain transactions and the utilization of the asset in trading and financial services.
Circle has revealed plans for the imminent introduction of native USDC and the cross-chain transfer protocol CCTP V2 within the Hyperliquid blockchain ecosystem. This integration will enable direct deposits and withdrawals of USDC through HyperEVM and grant access to HyperCore liquidity, which serves as the foundational infrastructure for the ecosystem that supports the decentralized exchange and versatile smart contracts.
Notable applications for USDC in Hyperliquid encompass:
- trading in derivatives and spot markets;
- utilizing stablecoins as collateral for trading;
- developing applications that offer rapid settlement and dependable cross-border transactions.
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The enhanced CCTP V2 protocol will permit users to transfer native USDC between Hyperliquid and other compatible blockchains while maintaining the complete value of the assets. This establishes a basis for cross-chain applications that range from onboarding and exchange activities to treasury management and acquisitions.
For institutional clients, Hyperliquid will grant access to the Circle Mint service, allowing for direct conversion between USDC and U.S. dollars.
Jeremy Allaire, CEO of Circle, affirmed the company’s plans for integration with the Hyperliquid ecosystem and highlighted that Circle aims to become a significant player within the ecosystem, bolstering its presence in the decentralized finance arena.
Smart contract addresses for USDC on both the mainnet and testnet are anticipated to be officially released at a later date; however, an on-chain analyst known as MLM has already identified test transactions of the stablecoin on the HyperEVM mainnet. He also disclosed that a crypto address associated with Circle acquired $4.6 million worth of HYPE tokens.
The increased activity from Circle occurs against the backdrop of rising excitement surrounding Hyperliquid’s launch of its own U.S. dollar stablecoin, USDH. Eight issuers vied for the opportunity to issue the asset, including Circle, but a community vote awarded this role to Native Markets.
Сообщение Circle Prepares to Launch Native USDC in Hyperliquid Blockchain Ecosystem появились сначала на CoinsPaid Media.
