Circle has announced a strategic partnership with Hyperliquid, introducing its stablecoin USDC to Hyperliquid’s high-performance blockchain ecosystem. The collaboration is expected to streamline stablecoin transfers across multiple chains, leveraging Circle’s Cross-Chain Transfer Protocol (CCTP v2).
In a recent blog post, Circle revealed that native USDC will soon go live on Hyperliquid. By integrating CCTP v2, the deployment aims to facilitate seamless and efficient movement of USDC across supported blockchains.
The integration boosts ecosystem growth, with Hyperliquid’s assets under management (AUM) surging to $5.5 billion in July. The partnership underscores the rising demand for interoperable, high-speed DeFi infrastructure.
The partnership has also made developers’ work easier. When transferring Circle’s native USDC, Hyperliquid users will not use wrapped tokens and centralized bridges, as they are long processes. Instead, they will use CCTP v2’s streamlined transfer system in activities such as design applications for cross-chain integration, swaps, and treasury rebalancing.
More >> https://www.cryptopolitan.com/circle-brings-native-usdc-to-hyperliquid/
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