Circle Launches Native USDC and CCTP V2 on Hyperliquid as Platform Tops $5.5B AUM
Main Idea
Circle is launching native USDC and CCTP V2 on Hyperliquid, a DeFi trading platform, which has seen significant growth in assets under management (AUM).
Key Points
1. Circle's native USDC and Cross-Chain Transfer Protocol (CCTP) V2 will be deployed on Hyperliquid, enabling 1:1 redeemable stablecoin and cross-chain transfers.
2. Hyperliquid's AUM has surged to $5.5 billion, with $1.2 billion driven by USDC inflows in July alone.
3. USDC will be available on HyperEVM, Hyperliquid's smart contract layer, supporting institutional on/off-ramps like Circle Mint.
4. Hyperliquid dominates 70% of USDC volume on Arbitrum, capturing a significant share of stablecoin liquidity.
5. CCTP V2 allows capital-efficient USDC transfers between Hyperliquid and other supported blockchains.
Description
Circle Internet Group, Inc. (NYSE: CRCL) has announced that its native USDC and Cross-Chain Transfer Protocol (CCTP) V2 will soon launch on Hyperliquid, a trading platform designed for decentralized finance. Native @USDC and CCTP V2 are coming soon to @HyperliquidX . What native USDC brings: A regulated, fully reserved stablecoin, redeemable 1:1 for US dollars Institutional on/offramps via Circle Mint Liquidity for DeFi, trading, perps, and more What CCTP V2 unlocks: … pic.twitter.com/xO0xDuSiDM...
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