{"id":87989,"date":"2025-09-13T15:13:37","date_gmt":"2025-09-13T12:13:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87989"},"modified":"2025-09-13T15:15:12","modified_gmt":"2025-09-13T12:15:12","slug":"circle-to-enhance-integration-with-hyperliquid-ecosystem","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/circle-to-enhance-integration-with-hyperliquid-ecosystem\/","title":{"rendered":"Circle to Enhance Integration with Hyperliquid Ecosystem"},"content":{"rendered":"<p>A blockchain researcher known as MLM has reported test transactions of the USDC stablecoin on the mainnet of HyperEVM, the decentralized exchange Hyperliquid.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">A wallet linked to <a href=\"https:\/\/twitter.com\/circle?ref_src=twsrc%5Etfw\">@circle<\/a> is currently buying 80K HYPE ($4.6M). <\/p>\n<p>But that\u2019s not all \u2014 they\u2019re also actively testing USDC on Hyperevm mainnet, suggesting native USDC could be coming in the next few days\/weeks.<\/p>\n<p>Token ca: <a href=\"https:\/\/t.co\/S1JhSbAtOs\">https:\/\/t.co\/S1JhSbAtOs<\/a><\/p>\n<p>USDC burn tx:\u2026<\/p>\n<p>\u2014 MLM (@mlmabc) <a href=\"https:\/\/twitter.com\/mlmabc\/status\/1966488742094319884?ref_src=twsrc%5Etfw\">September 12, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The expert suggests this indicates the potential arrival of a native stablecoin in the coming days or weeks. Meanwhile, a wallet associated with Circle has acquired HYPE tokens worth $4.6 million.<\/p>\n<p>This follows an announcement by Jeremy Allaire, co-founder and CEO of the stablecoin issuer, about &#8220;coming to the ecosystem in a big way.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Don\u2019t Believe the Hype <\/p>\n<p>We are coming to the HYPE ecosystem in a big way. We intend to be a major player and contributor to the ecosystem. <\/p>\n<p>Happy to see others purchase new USD tickers and compete <\/p>\n<p>Hyper fast native USDC with deep and nearly instant cross chain\u2026<\/p>\n<p>\u2014 Jeremy Allaire \u2014 jda.eth \/ jdallaire.sol (@jerallaire) <a href=\"https:\/\/twitter.com\/jerallaire\/status\/1964837574167658870?ref_src=twsrc%5Etfw\">September 7, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We intend to be a major player and contribute to it. [\u2026] Hyper-fast native USDC with deep and nearly instant cross-chain interaction will be well received,&#8221; he stated.<\/p>\n<\/blockquote>\n<p>According to a blog post, in addition to the stablecoin, Circle will integrate the <a href=\"https:\/\/forklog.com\/en\/news\/circle-accelerates-usdc-cross-chain-transfers-to-mere-seconds\">CCTP V2<\/a> protocol into the Hyperliquid blockchain, enabling coin transactions between networks.<\/p>\n<p>The company has intensified efforts to expand its presence in the ecosystem of the largest <span data-descr=\"decentralized exchange\" class=\"old_tooltip\">DEX<\/span> in the perpetual futures segment, following the exchange community&#8217;s selection of an issuer for its own stablecoin, USDH. The project has attracted attention from several well-known crypto companies.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-088705abf024dcf5-4158066649573507.webp\" alt=\"Polymarket  Who will win the USDH ticker - Google Chrome\" class=\"wp-image-265749\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/polymarket.com\/event\/who-will-win-the-usdh-ticker-159?tid=1757762040312\">Polymarket<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, the Polymarket prediction market estimates a 96.8% chance that validators will vote for the proposal from Native Market. <a href=\"https:\/\/forklog.com\/en\/news\/paxos-to-launch-stablecoin-for-hyperliquid-ecosystem\">The application from Paxos<\/a> holds 1.8%. The likelihood of approval for proposals from Ethena and Frax Finance is less than 1%.<\/p>\n<p>According to <a href=\"https:\/\/defillama.com\/stablecoins\/Hyperliquid%20L1\">DeFi Llama<\/a>, the total volume of stablecoins on Hyperliquid reached $6.1 billion in the past 24 hours. USDC dominates with a 95.6% share, amounting to $5.85 billion.<\/p>\n<p>The <a href=\"https:\/\/www.coingecko.com\/ru\/%D0%9A%D1%80%D0%B8%D0%BF%D1%82%D0%BE%D0%B2%D0%B0%D0%BB%D1%8E%D1%82%D1%8B\/usdc\">capitalization<\/a> of Circle&#8217;s coin slightly exceeds $73.1 billion, with the exchange accounting for about 8% of the total issuance.<\/p>\n<p>In August, Hyperliquid&#8217;s revenue <a href=\"https:\/\/forklog.com\/en\/news\/hyperliquid-sets-new-revenue-and-trading-volume-records\">hit a record $106 million<\/a>, with perpetual contract trading volume reaching nearly $400 billion, and its market share rising to 70%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A blockchain researcher known as MLM has reported test transactions of the USDC stablecoin on the mainnet of HyperEVM, the decentralized exchange Hyperliquid.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Circle to enhance integration with Hyperliquid ecosystem.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1220,787,1823,807],"class_list":["post-87989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-circle","tag-dex","tag-hyperliquid","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"279","promo_type":"1","layout_type":"1","short_excerpt":"Circle to enhance integration with Hyperliquid ecosystem.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87989","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87989"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87989\/revisions"}],"predecessor-version":[{"id":87990,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87989\/revisions\/87990"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87989"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87989"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87989"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}