Circle to Introduce Native USDC and CCTP V2 on Hyperliquid
- Circle plans to deploy native USDC and Cross-Chain Transfer Protocol (CCTP) V2 on Hyperliquid.
- The deployment will occur on the HyperEVM platform.
- Agora, Paxos, and Frax submitted bids in Hyperliquid’s stablecoin race this week.
- Circle CEO Jeremy Allaire signaled a significant commitment to Hyperliquid with this initiative.
Circle’s strategic move to launch native USDC and CCTP V2 on HyperEVM underscores its focus on expanding stablecoin interoperability across platforms. This development comes amid competitive bids from Agora, Paxos, and Frax in the ongoing stablecoin race at Hyperliquid.
By integrating USDC with CCTP V2 on HyperEVM, Circle aims to enhance cross-chain functionalities, marking a key advancement in stablecoin technology and infrastructure. (Source)
