Circle Becomes Direct Stakeholder in Hyperliquid Ecosystem, Launches Native USDC on HyperEVM

Circle, the issuer of the USDC stablecoin, has announced a significant new partnership with Hyperliquid, a prominent blockchain ecosystem. This collaboration involves the official launch of Native USDC and CCTP V2 on HyperEVM, marking a major step in expanding USDC's reach. The development was initially highlighted by Jevgenijs Kazanins, who posted on social media, "> "New distribution partner for Circle $CRCL! 💪🏻"."

The partnership extends beyond technical integration, with Circle becoming a direct stakeholder in the Hyperliquid ecosystem through its first HYPE token investments. Circle is also actively evaluating the possibility of becoming a Hyperliquid Validator. This strategic move aims to bring the world's most reliable and liquid dollar stablecoin deeper into the Hyperliquid community, according to a statement from Circle.

This expansion is designed to enhance USDC's global liquidity and network reach, providing deep interoperability for users and developers. The integration facilitates seamless movement of digital dollars across the crypto economy, emphasizing capital efficiency as more financial activity shifts onchain. Circle intends to support innovative builders within the HyperEVM and HIP-3 communities with dedicated incentive programs.

This Hyperliquid collaboration follows a series of strategic partnerships for Circle in recent months, underscoring its aggressive expansion strategy. Earlier in September, Circle announced a collaboration with Fireblocks to accelerate stablecoin adoption for financial institutions. Additionally, recent partnerships with Finastra and others aim to integrate USDC into traditional financial payment products globally.

These initiatives reflect Circle's long-standing commitment to building public market infrastructure for digital dollars on the internet. The company aims to foster a robust ecosystem where its stablecoins can "play everywhere," providing trust, transparency, and capital efficiency. Such partnerships are crucial for Circle as it works towards an internet economy supporting hundreds of trillions of dollars in economic activity.