Why Circle’s USDC and CCTP v2 Move to Hyperliquid Could Be a Game-Changer for Crypto Investors—Are You Ready to Ride the Wave?
The native USDC implementation will provide users with a regulated, fully reserved digital dollar that can be redeemed 1:1 for US dollars. Through Circle Mint, eligible users will have access to institutional on- and off-ramps.
With CCTP v2, users can transfer native USDC with 1:1 capital efficiency between Hyperliquid and supported blockchains. This functionality allows developers to develop applications for onboarding, swapping, purchasing, and rebalancing the treasury.
The integration supports several use cases within the Hyperliquid ecosystem, including perpetuals and spot trading, where USDC serves as collateral or a quote asset. Developers can also utilize USDC in HyperEVM applications for fast settlements and cross-chain transfers.
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