-
Circle to launch native USDC and CCTP v2 on Hyperliquid
-
New model replaces bridged USDC with directly minted tokens
-
Upgrade improves liquidity and simplifies cross-chain transfers
-
Hyperliquid’s USDC balances have doubled to nearly $5B
Hyperliquid Gains Direct USDC Support
Circle is rolling out native USDC and its upgraded Cross-Chain Transfer Protocol (CCTP v2) on the Hyperliquid network. The move will eliminate the need for third-party bridges, replacing bridged USDC with Circle-minted tokens on-chain.
Circle Mint will also become available for institutions on Hyperliquid, simplifying access to capital markets and enhancing app integrations across the HyperEVM environment.
Why It Matters
The native integration allows users to transfer USDC across chains 1:1 using a burn-and-mint process—burning USDC on one network and minting the same amount on another. This model enhances security, reduces bridge risk, and streamlines treasury operations.
Hyperliquid’s Growth and Stability Focus
USDC balances on Hyperliquid have grown significantly in 2025, recently doubling to $4.9 billion. The platform has gained popularity in onchain derivatives trading. Circle’s native rollout strengthens both the liquidity base and infrastructure reliability.
Hyperliquid also addressed a recent API outage caused by traffic surges, not a hack, and plans automatic refunds for affected users.
