Circle Expands USDC with Hyperliquid Partnership

Circle has announced a strategic partnership with Hyperliquid, integrating native USDC and CCTP V2 on HyperEVM. This move marks a significant milestone for both companies, enhancing liquidity access for Hyperliquid users and expanding Circle’s footprint in the Web3 ecosystem.

The collaboration brings Circle’s widely used stablecoin to Hyperliquid’s blockchain, offering developers new tools and incentives to build within the ecosystem. Jeremy Allaire, Circle’s co-founder and CEO, emphasized the importance of this expansion, noting that native USDC and CCTP V2 integration will combine Circle’s technical achievements with Hyperliquid’s fast-growing community.

Circle is also deepening its involvement by investing in HYPE, making it a direct stakeholder. The firm is considering becoming a system validator in the future, strengthening its role in Hyperliquid’s governance and ecosystem growth. This signals Circle’s intent to establish a long-term partnership rather than a short-term integration.

With over $1 trillion in USDC minted to date, Circle offers Hyperliquid users access to one of the largest pools of stablecoin liquidity in the market. This massive reserve can boost trading activity on Hyperliquid while ensuring seamless access to reliable digital dollars. For Circle, the partnership reinforces its relevance in the competitive stablecoin sector and showcases its commitment to supporting innovative blockchain ecosystems.

Hyperliquid, which has recently gained attention with its governance proposals and the introduction of its USDH stablecoin, now strengthens its market position through this collaboration. By leveraging Circle’s stability and liquidity, Hyperliquid can provide traders and developers with new opportunities to scale.

This partnership demonstrates how established stablecoin issuers like Circle continue to expand their influence across emerging blockchains, ensuring mutual growth and broader adoption of USDC in decentralized finance.