Circle has launched native USDC on Hyperliquid’s HyperEVM chain, marking a significant step in expanding the stablecoin’s presence and supporting the rapidly growing DeFi platform. In addition to the launch, Circle has taken a direct stake in the network, deepening its commitment to the ecosystem.
With the introduction of USDC on HyperEVM, Circle has rolled out the upgraded Cross-Chain Transfer Protocol (CCTP v2), enabling seamless USDC transfers across more than a dozen supported blockchains. This native launch eliminates the need for wrapped versions of USDC, streamlining trading, minting, and cross-chain transfers.
Looking ahead, Circle plans to offer direct deposits and full interoperability through HyperCore, which will further accelerate speed and improve access for developers and decentralized applications (dApps) within the ecosystem.
Circle is launching a suite of tools and incentive programs for HyperEVM and HIP-3 developers as part of its broader strategy to create a “full-stack internet financial platform.” The goal is to support the global shift toward on-chain finance and enable “hundreds of trillions of dollars” in economic activity. In addition to this integration, Circle has also taken a direct stake in the Hyperliquid ecosystem.
Circle Invests in Hyperliquid’s HYPE Token
Circle has made its first investment in Hyperliquid’s native HYPE token, although the amount purchased has not been disclosed. The company also announced that it’s considering a validator role to help secure the network and participate in governance. This move comes as the Hyperliquid ecosystem experiences rapid growth.
According to on-chain data tracker DefiLlama, Hyperliquid’s monthly revenue surged to $106 million in August, a 23% increase from July. Meanwhile, the total value locked (TVL) in its Layer-1 blockchain has risen to around $670 million, reflecting growing liquidity and a broader trader base.
Hyperliquid’s Impressive Efficiency
Hyperliquid has caught the industry’s eye not only for its growth but also for its operational efficiency. It has recently been recognized as the most productive company globally by revenue per employee, generating over $1 billion in annualized revenue with a team of just 11 people.
This efficiency is also evident in the performance of Hyperliquid’s native HYPE token, which recently reached an all-time high near $57 and continues to see daily trading volumes above $500 million. There’s strong demand for staking and governance participation, solidifying HYPE’s central role in the network’s economy.
Circle’s Support for Hyperliquid’s Growth
Circle praised Hyperliquid’s rapid rise and stated that its investment, along with the USDC launch, will further accelerate the platform’s growth. The company plans to continue collaborating with the Hyperliquid community, expanding its investments and partnerships to drive broader adoption.
Meanwhile, interest is growing around Hyperliquid’s USDH stablecoin. After a competitive bidding process by various issuers, Native Markets secured the USDH ticker. The stablecoin is expected to launch soon, initially with limited transactions, before a full rollout that will include a USDH/USDC trading pair.
