Coinbase Named Hyperliquid's Official USDC Treasury Deployer
Coinbase has deepened its integration with Hyperliquid by becoming its official USDC treasury deployer, managing an estimated $5-5.5 billion in liquidity. This strategic shift sees Hyperliquid moving away from its native USDH stablecoin, whose assets Coinbase acquired, to fully embrace USDC. Coinbase also increased its staked HYPE holdings, contributing to a rally in the HYPE token.
Detected & updated continuously · Source: Ruma
USDH (usdh)
Hyperliquid (hype)
USDC (usdc)Sources
@kriptogelisim
Hyperliquid'in USDC haberi alttaki balinanın 2.5 Milyon$ karını yok etti 1 saatte... Hyperliquid kendi stablecoinini çıkarıyordu USDH bundan vazgeçti ve artık USDC odaklı olacak. https://t.co/djM2UU5HKm
@SebMontgomery
Why today's Coinbase × Hyperliquid deal is bullish for hyperliquid:native: - There's roughly $5.5 billion worth of USDC sitting on Hyperliquid. That money is parked in US Treasury bills earning around 4 to 5% interest per year, which works out to about $200 to $300 million
@wiseadvicesumit
🚨 $HYPE is pumping after Coinbase became Hyperliquid’s official $USDC treasury deployer, managing roughly $5B in liquidity. This strengthens USDC dominance on the biggest on-chain perps DEX and deepens Coinbase integration. Not a big move, price jumped just 3% within minutes. https://t.co/AwhmnL7buC
@CoinEdition
🚨 JUST IN: Coinbase Deepens Hyperliquid Integration Coinbase has been named the official treasury deployer for $USDC USD Coin on Hyperliquid, alongside acquiring Native Markets’ USDH assets as the platform shifts toward USDC. Could this strengthen USDC’s position in next-gen https://t.co/86bkDCMgGx
@CryptoTimes_io
JUST IN: @coinbase is expanding support for @HyperliquidX by becoming the platform’s official USDC treasury deployer. The company says it has also significantly increased its position in staked HYPE as part of deeper integration with the Hyperliquid ecosystem. Coinbase added https://t.co/SL8SBzkJW5