USDC Revolution: Circle Boosts DeFi Efficiency with Native USDC and CCTP v2 on Hyperliquid
In a groundbreaking move, Circle has launched native USDC and the Cross-Chain Transfer Protocol (CCTP) v2 on Hyperliquid, revolutionizing DeFi efficiency. This integration eliminates the need for wrapped tokens or centralized bridges, offering a seamless experience for traders and institutions alike.
Why USDC on Hyperliquid is a Game-Changer for DeFi
The deployment of native USDC on Hyperliquid brings several key benefits:
- Direct transfers between Hyperliquid and other blockchains
- Enhanced capital efficiency and reduced security risks
- Compliant on- and off-ramps via Circle Mint
- USDC as collateral for spot and perpetual trading
Hyperliquid’s Powerful Infrastructure Supports CCTP v2
Hyperliquid’s architecture consists of two main components:
| Component | Function |
|---|---|
| HyperCore | High-performance order book DEX |
| HyperEVM | EVM-compatible smart contract platform |
The platform’s HyperBFT consensus mechanism enables near real-time synchronization and supports up to 200,000 orders per second.
How CCTP v2 Enhances Cross-Chain USDC Transfers
The “burn-and-mint” model of CCTP v2 offers:
- Minimized reliance on intermediaries
- Trustless cross-chain interactions
- Proven success from previous integrations like Arbitrum
Market Impact: Hyperliquid’s Growth and HYPE Token Performance
Hyperliquid’s AUM surged to $5.5 billion in July 2025, capturing 70% of USDC on Arbitrum. The HYPE token responded positively, trading at $43.97 with a 4.07% daily increase.
Circle’s Vision for USDC in DeFi
CEO Jeremy Allaire emphasized this integration as a strategic advancement in cross-chain DeFi infrastructure, with plans to expand native USDC’s presence across multiple blockchain ecosystems.
FAQs About USDC on Hyperliquid
Q: What is the benefit of native USDC over wrapped versions?
A: Native USDC eliminates counterparty risk and reduces transaction costs associated with wrapping.
Q: How does CCTP v2 improve upon previous versions?
A: Version 2 offers enhanced security and efficiency in cross-chain transfers through its burn-and-mint mechanism.
Q: Can USDC be used for trading on Hyperliquid?
A: Yes, USDC serves as both collateral and quote currency for spot and perpetual trading.
Q: What makes Hyperliquid’s infrastructure unique?
A: Its combination of HyperCore and HyperEVM with HyperBFT consensus enables unprecedented speed and scalability.
