Circle announced the launch of native USDC and CCTP V2 on Hyperliquid on July 31, 2025, aimed at enhancing DeFi functionality and improving transfer efficiency within the ecosystem.
Launch of Native USDC and CCTP V2
Circle, the issuer of USDC, has announced the launch of native USDC and CCTP V2 on the Hyperliquid blockchain. This initiative aims to facilitate native stablecoin transfers and enhance DeFi functionality within the Hyperliquid ecosystem.
Impact on Hyperliquid's Ecosystem
Key players in this process include Circle, led by CEO Jeremy Allaire, and Hyperliquid, known for its speed in on-chain trading. This integration is expected to boost USDC's cross-chain efficiency, benefiting Hyperliquid's DeFi ecosystem.
Prospects for DeFi and Liquidity Growth
The integration is anticipated to impact industries by increasing liquidity and improving capital efficiency. The HYPE token, native to Hyperliquid, has already shown a 3% increase following the announcement, indicating market optimism and potential growth opportunities for interconnected DeFi ecosystems.
The launch of USDC and CCTP V2 on Hyperliquid is expected to be a significant step in expanding DeFi capabilities, potentially leading to increased protocol activity and capital efficiency.
