Circle Expands Support for USDC on Hyperliquid

Circle Internet Financial is enhancing the role of USDC, a fully reserved digital dollar, within Hyperliquid's decentralized trading platform, which combines a fully on-chain order book with deep liquidity. As Hyperliquid expands beyond perpetuals into outcome-based markets, Circle has become the technical deployer of USDC, enabling it to function as an Aligned Quote Asset (AQA). This role involves ensuring reliable minting, redemption, and cross-chain transfer infrastructure for USDC, which serves as a primary collateral asset across various Hyperliquid markets. Circle's involvement extends beyond infrastructure, as it has made significant financial investments, including the purchase and staking of HYPE tokens, to deepen its economic alignment with Hyperliquid's long-term performance and move closer to becoming a network validator. USDC, supported by Circle’s cross-chain infrastructure, is integral to various use cases within Hyperliquid, facilitating trading, payment, and financial services, while also enabling growth and interoperability across the ecosystem.

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