Circle Confirms Native USDC and CCTP V2 Integration on Hyperliquid

Circle will deploy native USDC and CCTP V2 on Hyperliquid, supporting faster and more efficient cross-chain transfers across major blockchains.

Hyperliquid has captured 70% of USDC on Arbitrum, driving AUM growth from below $4 billion to $5.5 billion in one month.

HYPE token trades at $43.97, holding above its 50-day EMA with neutral RSI levels, reflecting steady momentum and market consolidation.

Circle confirmed the upcoming launch of native USDC and its CCTP V2 bridging protocol on the Hyperliquid blockchain. This development will allow USDC to be issued directly on HyperEVM, enabling traders and developers to use it across the platform’s applications. The integration ensures full backing with U.S. dollars and provides institutional access to compliant on- and off-ramp services via Circle Mint.

The launch will also bring CCTP V2 support, enabling direct cross-chain USDC transfers between Hyperliquid and other blockchains. This eliminates the dependence on wrapped or synthetic assets. The protocol uses a burn-and-mint model, ensuring capital efficiency and reducing risks linked to third-party bridge providers.

Use Cases on Hyperliquid

Native USDC will play a central role in Hyperliquid’s trading environment. It will be used as collateral for perpetual contracts and as a quote asset in spot markets. This functionality will be supported by Hyperliquid’s high-speed architecture, which combines HyperCore and HyperEVM under a unified consensus system. HyperCore currently processes up to 200,000 orders per second with block times of 0.07 seconds.

Hyperliquid’s ecosystem has grown rapidly, securing 70% of all USDC circulating on Arbitrum. Its assets under management rose from under $4 billion to $5.5 billion within a single month. The increase highlights the rising adoption of the network and its competitive positioning in the market.

HYPE Token Market Reaction

Following the announcement, the HYPE token recorded a steady gain. The HYPE/USDT pair traded at $43.97, showing a 4.07% increase in a day. The token remains above its 50-day EMA at $40.93, which signals ongoing support from buyers. Trading volume reached 186.9K, reflecting higher participation. The Relative Strength Index settled near 52, pointing to neutral momentum.

The token has recovered from its March lows, steadily breaking resistance levels. Price consolidation during July suggests a period of indecision, but the current uptick indicates potential for further strength if liquidity inflows continue. The combination of ecosystem expansion and Circle’s integration of native USDC adds structural support to Hyperliquid’s growth trajectory.

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