USDC Goes Live on Hyperliquid as Circle Joins as Stakeholder - A Game-Changer for DeFi Liquidity

Circle just dropped a bombshell on the DeFi world—USDC is now live on Hyperliquid, and they're not just dipping toes but buying seats at the table as stakeholders.

Why This Move Matters

Hyperliquid gains instant credibility with Circle's backing, while USDC expands its dominance beyond Ethereum and Solana. Traders get deeper liquidity pools, tighter spreads, and fewer 'slippage nightmares'—because who enjoys losing money on swaps?

The Fine Print

Circle's stake isn't charity—it's strategic. They're hedging against stablecoin rivals and banking on Hyperliquid's orderbook model to eat market share. Meanwhile, regulators are probably drafting new 'guidance' as we speak.

Bottom Line: More liquidity, fewer excuses for bad trades. And hey, if traditional finance hates it, you're probably on the right track.

Circle buys Hyperliquid tokens amid network growth

In a separate release, the stablecoin issuer announced that it has made its first investment in HYPE (HYPE) token. The amount of tokens purchased was not revealed, and the firm added that it is now considering a validator role to help secure the network and participate in governance.

Circle’s entry comes as the Hyperliquid ecosystem expands rapidly. On-chain data tracker DefiLlama shows monthly revenue climbed to about $106 million, a 23% jump from July, while total value locked on its Layer-1 has grown to roughly $670 million, underscoring the platform’s expanding liquidity and trader base.

Hyperliquid has also drawn attention for efficiency, recently becoming the most productive company in the world by revenue per employee, generating over $1 billion in annualized revenue with just an 11-person staff.

The growth has been mirrored in its native HYPE token, which recently set an all-time high NEAR $57 and continues to post daily trading volumes above $500 million. Strong demand for staking and governance participation has reinforced HYPE’s role at the center of the network’s economy. 

Circle described Hyperliquid’s rise as impressive and said its investment and USDC launch will help fuel further growth. The company added that it will continue to work with the Hyperliquid community, expanding investments and partnerships to drive adoption.

Meanwhile, buzz surrounding Hyperliquid’s own USDH stablecoin is growing separately. After a week-long intense competition by various issuers to launch the asset, Native Markets was recently awarded the USDH ticker, now expected to launch in the coming days. As reported earlier by crypto.news, early operations will begin with limited transactions before a broader rollout that includes a USDH/USDC trading pair.