Circle has announced a strategic partnership with Hyperliquid aimed at integrating the USDC stablecoin into the Hyperliquid blockchain ecosystem. This collaboration is set to enhance the efficiency of USDC transactions across various blockchains.
Strategic Partnership Between Circle and Hyperliquid
Circle revealed that the USDC stablecoin would soon be available on the Hyperliquid platform. The integration of the new protocol (CCTP v2) will facilitate more efficient transactions of USDC across supported blockchains.
Benefits of USDC Support for Hyperliquid Users
Circle highlighted the advantages that USDC will bring to Hyperliquid users. According to the company, the stablecoin can be used as collateral for trading open-ended contracts and as a base asset for trading pairs.
Reasons for Choosing Hyperliquid for USDC Launch
In choosing Hyperliquid, Circle noted that the platform is one of the strongest in decentralized finance. Hyperliquid offers essential features such as HyperCore and HyperEVM, which provide optimal conditions for liquidity operations.
The partnership between Circle and Hyperliquid marks an important step in the development of decentralized finance and expands opportunities for users of both platforms through the effective integration of USDC.
