Circle USDC News: Native USDC Coming to Hyperliquid DEX

Why Circle USDC News Signals a Game-Changing Hyperliquid Launch

Circle USDC news Integration on Hyperliquid

According to a post by Stablecoin issuer Circle has announced that its native will soon be introduced on the decentralized exchange. The integration will utilize Cross-Chain Transfer Protocol (CCTP v2) which enables a  secure and seamless transfer across multiple blockchains.

This exciting Circle USDC news has also been recently shared on its X handle, suggesting users to use the world’s largest regulated stablecoin, trade perps or spot pairs as collateral and to use with your favourite HyperEVM applications.

Source: X

With this upgrade the investors will no longer need wrapped tokens or custodial bridges to move their stablecoins. The developers will also gain the ability to make applications supporting cross-chain onboarding, swaps, and treasury management. 

However, it has not revealed an official launch date for this feature as mainnet and testnet addresses remain undisclosed.

Benefits for Traders

Once it goes live it will serve as a collateral for everlasting trading and as quoted currency to spot trading pairs. This direct integration is expected to streamline the trading process and eliminate the current dependency on Arbitrum based transfers. 

Currently, it is holding around 70% of liquidity from Arbitrum as the traders are forced to route transactions through the network before trading on the exchange. 

The recent data indicates that Circle USDC news has grown from $4 billion to $5.5 billion this month. 

Expanding Partnerships

Circle USDC news decisions to partner with the Hyperliquid follows a series of integrations focused at widening reach. 

In July partnerships with Ant Group to promote adoption and in June it integrated the stablecoin and CCTP v2 with Sam Altman’s world chain and launched in the XRP Ledger. 

The Hyperliquid deal is expected to be more impactful given the exchange’s high trading activity, recently recording $14.7 billion in open interest, shared in a X post by Hyperliquid and a surge in HYPE token price.

Source: X

Why Hyperliquid?

Circle USDC news highlighted advanced blockchain architecture as a key in selecting the platform. The exchange operates with HyperCore, which is a native order book, DEX ensures high speed transactions and HyperEVM supports smart contracts and provides access to deep liquidity. 

Additionally, its recent expansion into the Solana ecosystem through a partnership with Phantom further strengthens its DeFi position, making it an ideal partner for native Circle USDC news adoption.

Conclusion

The arrival via CCTP v2 marks another milestone in mission to simplify stablecoin usage across blockchains.