Circle to Launch Native USDC on Hyperliquid Blockchain

This integration could enhance liquidity, lower bridging risks, and offer developers better tools for cross-chain operations, accompanied by a market rise in Hyperliquid’s HYPE token.

Circle has announced the launch of native USDC and the Cross-Chain Transfer Protocol V2 on Hyperliquid, a decentralized exchange with a proprietary Layer 1 blockchain. This move facilitates direct USDC issuance and cross-chain transfers.

Circle, led by CEO Jeremy Allaire, and Hyperliquid’s pseudonymous team remain in the spotlight. Official Circle communications confirm the event, though no exact quotes from leaders via social media channels have been found.

The launch has notable impacts on market dynamics, including a 3% increase in the value of Hyperliquid’s HYPE token. The new capability broadens USDC’s utility within the Hyperliquid ecosystem.

Financial ramifications for USDC include easier transactions across chains, while HYPE sees direct valuation effects. These changes do not involve any disclosed funding or grants, but broaden the utility of USDC in DeFi environments.

While no direct comments from major crypto figures or regulatory bodies have surfaced, the launch sets a precedent for how USDC can enhance blockchain operations. The decentralized exchange may gain from reduced bridging risks.

If $HYPE were to trade as the same SWPE as the previous top based on it's current $3.2M 30D EMA revenue then it would be trading at $77.

Hyperliquid pic.twitter.com/VJtP4IIOaF

— McKenna (@Crypto_McKenna) July 26, 2025

Past events, like USDC’s launch on World Chain, saw increased liquidity and improved trading spreads. Data suggests similar benefits for USDC on Hyperliquid. This supports the emerging pattern of integrating stablecoins directly into Layer 1s.

“Circle’s CCTP V2 allows developers to securely transfer native USDC between Hyperliquid and supported blockchain networks.” – Jeremy Allaire, CEO, Circle