Circle's US dollar-pegged stablecoin USDC will be directly introduced to the high-performance decentralized exchange Hyperliquid. Users will be able to deposit, withdraw, and use native USDC on Hyperliquid without going through complex bridge processes.
On the 31st, Circle announced through its official channel that it will support USDC and CCTP V2 on Hyperliquid's smart contract platform, HyperEVM. As a result, Hyperliquid-based apps and users will be able to use native USDC.
This integration is evaluated as a critical turning point for the entire DeFi ecosystem, going beyond a simple technical upgrade. Previously, it was common to bring USDC through bridges from other blockchains or use it in wrapped form. However, with the ability to use the actual USDC directly issued by Circle on the Hyperliquid blockchain, improvements are expected in terms of security, reliability, and speed.
Particularly, CCTP V2 (Cross-Chain Transfer Protocol) being introduced together is a technology that allows USDC to move quickly and efficiently between various blockchains. Through this, users can naturally move assets from chains like Ethereum and Solana to Hyperliquid.
Hyperliquid is an order book-based ultra-high-speed decentralized exchange that has recently expanded to a general-purpose blockchain platform by adding smart contract functionality. The introduction of USDC is expected to be a turning point for Hyperliquid to leap beyond a simple exchange into a full-fledged DeFi infrastructure.
Circle stated that "Hyperliquid will provide a very favorable environment for various projects that require regulatory-compliant stablecoins," and will open up broader opportunities for both institutional investors and developers.
