Circle, the issuer of USDC, the second-largest stablecoin in DeFi, has stepped into the HyperEVM arena by launching native USDC on Hyperliquid’s Layer 1 blockchain.
Circle announced the integration on Sept. 16, less than a week after onchain analyst MLM noted that a Circle-linked wallet purchased $4.6 million worth of HYPE while testing USDC on the HyperEVM.
The move comes shortly after the controversial USDH stablecoin governance vote, which gave the Native Markets team the rights to acquire the USDH ticker with the goal of launching the Hyperliquid ecosystem’s dominant native stablecoin.
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