Facing increased stablecoin competition in the Hyperliquid ecosystem, Circle has rolled out native USDC for HyperEVM and invested in the protocol.
Stablecoin issuer Circle is expanding into Hyperliquid with an investment and the launch of native USD Coin on the protocol, as stablecoin competition on the network intensifies. According to a Tuesday announcement, Circle is now a stakeholder in the Hyperliquid ecosystem, directly holding its native cryptocurrency Hyperliquid .
Circle is also considering becoming a validator for the protocol., is behind the USDC stablecoin, a digital asset redeemable 1:1 for US dollars. The token will be natively deployed on HyperEVM, Hyperliquid’s smart contract layer. “This launch is the first step toward enabling USDC deposits into Hyperliquid’s spot and perpetuals exchange on HyperCore,” CircleCircle announced plans to expand into the Hyperliquid ecosystem in July. “Today’s launch is simply delivering on that roadmap,” a company spokesperson told Cointelegraph.had chosen Native Markets Validators on Hyperliquid are HYPE holders who stake their tokens to help secure the blockchain, validate transactions and take part in governance. The top 21 by stake make up the active validator set, which is responsible for proposing and confirming blocks on the network.Decentralized finance has continued to expand in 2025, with real-world asset tokenization and digital asset treasuries driving financial assets onchain.to $158 billion as of Tuesday, up from $117 billion in December, representing a rise of 35% in about nine months.
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